For the Luxury Crowd, SPACs and Suits Are So This Season
LVMH and Zegna are striking deals to reposition themselves for a post-pandemic world. They offer a window into the changing business of bling.
Luxury deals are so this season.
On Tuesday, LVMH Moet Hennessy Louis Vuitton SE, the world’s biggest luxury company, said it would buy 60% of Off-White, the streetwear label founded by Virgil Abloh, the creative director of Louis Vuitton’s menswear line.