Chrome Hearts Invests in The Elder Statesman-------
Kering and LVMH aren’t the only ones that can invest in up-and-coming talents. Chrome Hearts, the cult L.A.-based accessories label known for its hard-edged accouterments, has purchased a minority stake in Greg Chait’s luxury knitwear label, The Elder Statesman, reports The Business of Fashion. An unlikely coupling? Perhaps. But it all starts to make sense when you consider that Chrome Hearts founders Richard and Laurie Lynn Stark mentored Chait after he won the CFDA/Vogue Fashion Fund back in 2012. Of course, the California brands’ West Coast connection probably helped, too.