LVMH has acquired a minority stake in Swedish fashion brand Our Legacy, reports The Business of Fashion. The transaction is a result of a strong performance from Our Legacy, which registered sales of €40 million ($42.9 million) for the year ending June 30.
The brand plans to use this investment to enhance operations and expand its global presence by opening flagship stores in major cities, including Paris, New York, Los Angeles, Tokyo, Shanghai, and Hong Kong. Currently, Our Legacy operates two stores in Stockholm, as well as locations in London and Berlin. Additionally, it operates three stores in South Korea in partnership with local distributor Handsome Corp. The brand also plans to open a new store in Paris late next year.
According to Jockum Hallin, Co-Founder, the investment is more about looking into the future as the brand enters the next phase of its growth.
