London-based shoe designer Nicholas Kirkwood has joined the likes of Céline, Givenchy and Marc Jacobs in LVMH’s stable of prestigious designers by selling them a majority stake.
WWD reports that the deal was finalised last night, though it is not known exactly what majority percentage the luxury conglomerate has taken.
“I knew a partner would be essential for the next step,” Kirkwood said, referring to the expansion of his eponymous brand, which he hopes to introduce handbags to in the near future.
The 33-year-old studied at Central Saint Martins and Cordwainers College before setting up his brand in 2005. As well as creating his own lines of women’s and newly-introduced men’s shoes he regularly collaborates with big name designers such as Erdem, Rodarte and Roksanda Ilincic. Additionally he is creative director of Pollini, a role he will continue.
Delphine Arnault, daughter of LVMH boss Bernard Arnault and second-in-command at Louis Vuitton, is said to have been instrumental in the transaction, commenting that Kirkwood’s “commitment to innovation and craftsmanship” is “exceptional”. Kirkwood’s long-time business partner Christopher Suarez will remain in his position as CEO.