LVMH, the holding company under which Louis Vuitton, Marc Jacobs, and Céline fall under, has taken stake in Nicholas Kirkwood. As reported by WWD today, the young British designer who's know for his avant garde, statement-making shoes has had his brand acquired for an unknown price. Following a spat of acquisitions of other young designers, including Christopher Kane and Joseph Altuzarra, both with Kering, Kirkwood has joined the LVMH family at a time when he plans to take this already-successful brand to the "next step."
Of course, with the support of one of the largest luxury fashion investors, those new steps for Kirkwood could be more like leaps. While the idea of Nicholas Kirkwood handbags has been tossed around before, the 33-year-old designer says that's likely the next venture for his namesake brand, although as he told WWD, "I have no timelines to do that." No pressure, Nicholas, but we'll be waiting. (WWD)