Rumored Acquisition: LVMH to acquire Proenza Schouler?

LVMH seems to be on the fast-track to acquir­ing more lux­ury brands to add to its high pro­file invest­ments list, and may be per­haps set­ting their sights next on acquir­ing New York based brand Proenza Schouler.

There seems to be talks buzzing in the fash­ion indus­try of a rumoured acqui­si­tion and at the core of it all is New York based brand Proenza Schouler which was estab­lished by Jack McCol­lough and Lazaro Her­nan­dez in 2002. Accord­ing to WWD, Del­phine Arnault, daugh­ter of LVMH CEO and chair­man Bernard Arnault made a state­ment last year show­ing a great inter­est in the Proenza Schouler brand, “I love what they do. They have an amaz­ing tal­ent — just look at the fab­rics.  We’ve been fol­low­ing their work for a while.“Exact details at this point remain unknown, but a pur­chase of a 40% stake in the brand may be next up on the table for discussion.