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LVMH Is In Shopping Mode

>> WSJ., The Wall Street Journal's glossy, is back this weekend with a fashion-centric March issue featuring LVMH chief Bernard Arnault.  Inside, Arnault hints that LVMH might be in the market to acquire more companies.  “We’re about to enter a market of buyers over the next six-to-eight months.  There will be opportunities, and we will be looking at them.”  According to WSJ., Arnault was “in talks to invest in a fashion company with ecological and ethical goals founded by a global celebrity” at the time the article was written — WWD is guessing Edun, Bono’s green clothing line.

But there are certainly a couple of other designers on LVMH's radar.  Gareth Pugh is the obvious one — rumors have run rampant about him taking over at Dior Homme ever since LVMH heiress Delphine Arnault sat front row at his debut menswear show, and Bernard Arnault has already confirmed that LVMH has helped finance Pugh's shows.  Talking acquisitions, however, Rodarte may be a more likely candidate — Pierre-Yves Roussel, CEO of LVMH's fashion division, was in attendance at the Fall 2009 show, and soon after, Katherine Ross, PR honcho for LVMH, hosted a poolside tea party at the Chateau Marmont in LA for the designing duo, so they're definitely on the radar.

Bernard Arnault confirmed in January that Gareth Pugh wasn't the only "new talent" LVMH supports — "LVMH does that with many talented people" — so a number of other brands may be being looked at.  Especially now, when as Arnault points it, it's a buyer's market — young brands with plenty of talent may need that big-company backing to keep them going.
*image: source

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