LVMH Invests in Marco de Vincenzo-------
Roman designer Marco de Vincenzo just got the LVMH bump. Today, WWD revealed that the fashion corporation has struck a deal with the on-the-rise talent and acquired a “significant” minority stake in his signature line. De Vincenzo, who sent his Fall ’14 collection down the runway in Milan yesterday, also has ties to LVMH-owned house Fendi, where he has been working with Silvia Venturini Fendi on the label’s accessories collection since 2000. Reports say that he will continue to consult on the brand.
De Vincenzo is the fourth up-and-comer in whom LVMH has recently invested—Nicholas Kirkwood, J.W. Anderson, and Maxime Simoens being the other three. Furthermore, LVMH will welcome thirty new rising stars to Paris next week for the first leg of its new LVMH Young Fashion Designer Prize. The company’s latest move further proves its commitment to supporting fashion design’s new guard.