×
167
Fashion Jobs
SH MATRIX ENTERPRISES
Sales Manager
Permanent · Gurugram
BGPS MANAGEMENT SOLUTIONS PRIVATE LIMITED
Area Sales Manager
Permanent · Ahmedabad
RYPE FINTECH PRIVATE LIMITED
Opening For Channel Sales Manager
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Asst. Manager Quality / Quality Line Officer- Garments Industry
Permanent · Bhiwandi
ANJNEY
Sales Manager/ Area Sales Manager - Industrial Products
Permanent · Ahmedabad
SH MATRIX ENTERPRISES
Sales Manager
Permanent · Gurugram
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
DLIGHT ENERGY PVT. LTD.
Hiring For Area Sales Manager | Pune/ Nagpur | d.Light Energy
Permanent · Pune
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Chennai)
Permanent · Chennai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
OLIVE GREEN CONSULTING LLP
Urgently Looking For Area Sales Manager
Permanent · National Capital Region
DEEP CHAND DIALYSIS CENTRE PVT. LTD.
Immediate Joining For Area Sales Manager @ Kolkata
Permanent · Kolkata
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
DREAM HOME PLASTO WARE IND
Production Manager
Permanent · Alwar
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
TITAN BIOTECH LIMITED
Area Sales Manager
Permanent · Hyderabad
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Daman
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
Published
Oct 11, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH buys stake in Madhappy

Published
Oct 11, 2019

Luxury conglomerate LVMH has acquired a stake in Madhappy, the American direct-to-consumer casualwear brand.


Photo: Madhappy


 
The Paris-based luxury behemoth made the investment via LVMH Luxury Ventures, a vehicle with the group.
 
The move marks the latest surprising investment by LVMH Luxury Ventures, which had previously taken minority stakes in Gabriela Hearst; Stadium Goods and Officine Universelle Buly, an ancient French beauty marque.

Madhappy bills itself as “an inclusive community of local optimists.” According to Madhappy’s website: “We create exceptional products with our own flair. Host impactful experiences around the world. And strive to give a platform to mental health conversation.”
 
The brand is rather distant from LVMH’s couture houses like Christian Dior or Givenchy with their $250,000 wedding dresses. Its entry-level crewneck sweatshirt, tagged with Optimism, is priced at $160.

LVMH Luxury Ventures confirmed the investment in a statement made to FashionNetwork.com: "This decision is part of our desire to diversify our portfolio of investments in recognized brands, be it Gabriela Hearst or in emerging brands, such as Madhappy, which demonstrate an interesting approach and that we want to support in their development.”
 
Madhappy had no comment on the development.

Madhappy was co-founded in Los Angeles in 2017 by Peiman Raf, his brother Noah Raf, and friends Joshua Sitt and Mason Spector, creating a limited range of hoodies, sweatpants, T-shirts and hats, all carrying the brand’s sans-serif logo. Since then, the brand has opened over a half-dozen pop-ups in LA; two in New York; two in Aspen and one in Miami. While building a cult following by collaborating with brands like Jon and Vinnys, Pencils of Promise and Alfred Coffee.  With 45,000 Instagram followers and fans like Cardi B, Anwar Hadid and The Weeknd, the brand certainly built momentum.
 
In March, Madhappy raised some $2 million in a founding round from strategic investors that included Sweetgreen, MeUndies and Justin Caruso, son of real estate magnate Rick Caruso. Funds used to develop its website and open new pop-ups, like one in Williamsburg.
 
 

Copyright © 2022 FashionNetwork.com All rights reserved.