Off-White, the luxury fashion brand known for its iconic streetwear designs, has been making headlines recently due to changes in its ownership. Given the brand’s popularity and influence in the fashion industry, many are curious about the latest updates on who owns Off-White now. In this article, we’ll delve into the details and provide you with the latest information on Off-White’s ownership.
The History of Off-White
Before we discuss Off-White’s current ownership, let’s briefly examine its history. Off-White was founded in 2012 by Virgil Abloh, a fashion designer and creative director known for his collaborations with Kanye West and his own brand, Pyrex Vision. The brand quickly gained popularity for its unique blend of high-end fashion and streetwear, with its signature diagonal stripes and quotation marks on its designs.
The Rise of Off-White
Off-White’s popularity continued to grow, with collaborations with major brands such as Nike and Jimmy Choo, and…
partnerships with celebrities like Beyoncé and Rihanna. The brand’s success also led to Abloh being appointed as the artistic director of Louis Vuitton’s menswear in 2018, making him the first African-American to hold the position.
The Initial Ownership Structure Credit: LVMH, Virgil Abloh When Off-White was first founded, it was owned by Virgil Abloh and New Guards Group, an Italian fashion conglomerate. New Guards Group also owned other popular fashion brands such as Palm Angels and Heron Preston.
Abloh held a 60% stake in Off-White, while New Guards Group held the remaining 40%. The Latest Updates on Off-White’s Ownership In 2020, Off-White’s ownership structure underwent significant changes, with the brand’s ownership now being split between three major players in the fashion industry.
LVMH Acquires Majority Stake Credit: Off-White Arrow Multipocket Zip Leather Jacket In March 2020, luxury conglomerate LVMH (Louis Vuitton Moët Hennessy) announced that it had acquired a 60% stake in Off-White, with Virgil Abloh retaining a 40% stake…
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