LVMH Is Backing Stadium Goods

Through its Luxury Ventures initiative.

By
Fashion
12,797 Hypes 7 Comments

LVMH — the parent company of brands including Louis Vuitton, Dior and CÉLINE — announced plans for its Luxury Ventures initiative last year with the aim of acquiring minority stakes in emerging luxury brands. The latest brand to get backing from the programme is New York’s Stadium Goods.

Details on what role LVMH Luxury Ventures will take in the reseller are unclear, although it is rumored that this backing could allow Stadium Goods to expand. The store — which is the location for most Sneaker Shopping episodes — has been open for just over two years and the team behind have previously told WWD about potential plans to move into merch and open a second physical location. Back in 2017, prior to LVMH’s backing, Stadium Goods raised $4.6 million USD in equity funding and was predicted to gross more than $100 million USD in 2017.

In other footwear-related news, Virgil Abloh recently teased a Mercurial VaporMax hybrid.

Read Full Article

What to Read Next

Tesla Announces Biggest-Ever Quarterly Loss
Automotive

Tesla Announces Biggest-Ever Quarterly Loss

Losing more than $675.4 million USD.

10 Product Drops You Don't Want to Miss This Week
Fashion 

10 Product Drops You Don't Want to Miss This Week

Palace, Stüssy, PLEASURES and Billionaire Boys Club bring the heat.

Vetements Wants Your Clothes to Be Part of Its Next Window Display
Fashion

Vetements Wants Your Clothes to Be Part of Its Next Window Display

The brand continues to do things its own way.


Wes Anderson Turns His Eye to Art Curation
Arts

Wes Anderson Turns His Eye to Art Curation

The famed director is working on a Vienna-based exhibition.

Noma t.d Reveals Eclectic Collection for Fall/Winter 2018
Fashion

Noma t.d Reveals Eclectic Collection for Fall/Winter 2018

Including collaborations with Needles & Engineered Garments.

Converse Reveals ROKIT, Babylon L.A. & RSVP Gallery Capsules
Footwear

Converse Reveals ROKIT, Babylon L.A. & RSVP Gallery Capsules

Featuring new apparel and footwear releases.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.