Gabriela Hearst LLC said Monday it has received a minority investment from LVMH Luxury Ventures, an entity within LVMH Moët Hennessy Louis Vuitton. Terms of the investment were not disclosed.
In business since 2015, the Gabriela Hearst brand focuses on luxury ready-to-wear and accessories. The designer opened her first flagship store in November at the Carlyle House on Madison Avenue, has developed a robust rtw and accessories business, was the grand prize winner of the International Woolmark Award, and a 2018 finalist for the CFDA Womenswear Designer of the Year award. Her designs reflect a commitment to sustainability.
The company, which is profitable, has sales of more than $10 million. Last March, the company opened a permanent showroom in Paris at 1 Avenue Montaigne in a 2,000-square-foot, two-bedroom apartment.
This is the third investment for LVMH Luxury Ventures. The investment will be used to support the ongoing expansion of the Hearst brand’s presence around the world.
Hearst was not available for comment.
Hearst, who was born in Uruguay, took over her father’s ranch there. Her goal was to create a brand that reflected the slower pace and process, where things are made with care and detail. In her designs, she uses some of the wool from
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