LVMH Luxury Ventures, an investment arm of the fashion conglomerate, has taken a minority stake in New York-based luxury label Gabriela Hearst. The brand is known for its dedication to sustainability, sharp suiting and iconic accessories. Now the partnership will help Hearst take her label ever more global. The agreed figure is somewhat unknown yet LVMH Luxury Ventures invests between €2 to €15 million per deal.
2015, saw the launch and meteoric rise of the Gabriela Hearst ready-to-wear business A mix tailored silhouettes and sustainably sourced materials. We then saw the top handle bag that changed everything, In 2016, she won the International Woolmark Prize. She is careful in limiting the availability of her popular handbags, in particular, the “Nina” which both Miroslava Duma and the Duchess of Sussex, Meghan Markle are never far without.
It has not always been a roaring success story for Hearst herself, the first line she launched in 2004, Candela, quietly phased itself into closure just a few years before Hearst re-started her fashion career into what it is known today. Hearst’s work in women's tailoring meant she was entering a difficult field as an emerging designer, yet she has dominated the sector with her chic aesthetic that has helped plug a void in the fashion world that ex Céline designer Phoebe Philo left after her departure.
Late 2018, Gabriela Hearst hired former Bottega Veneta Americas president Giuseppe Giovannetti as chief executive. And as European luxury counterparts have seemed to dominate the spotlight in the past few years, further structure to the Gabriela Hearst brand from the newfound investment and the backing of a heavyweight investor will mean the American fashion industry will again strengthen.
To view more from the current collection, view here.
Notable pieces we must point your attention to include the Silveria knitted dress and the Jose fringed satin blazer