The French group LVMH once again invests in luxury streetwear with the acquisition of a minority stake in Aimé Leon Dore, which was founded by Teddy Santis in in 2014. The amount of the purchase has not been made public. Santis will continue his role as creative director, while continuing as creative director of the New Balance Made in USA line as well.
Back in August, 2021, the LVMH group purchased a majority stake in Off-White. They also own or has a stake in the following brands: Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, TAG Heuer and Bulgari.