LVMH signs joint venture with Marco de Vincenzo

Milan-based designer Marco de Vincenzo has signed an agreement with French

luxury holding LVMH for “significant” investment in the brand.

On Sunday, prior to the designers Autumn/Winter 14 runway show during Milan Fashion Week, LVMH confirmed the investment to WWD, which aims to further develop de Vincenzo ready-to-wear brand. According to inside sources, the deal will give LVMH a “significant” minority holding in de Vincenzo label, with options to grow the joint venture between the two and increase LVMH stake in the future.

Some sources argue that the investment came to be due to de Vincenzo's relationship with Silvia Venturini Fendi, whose fashion house is part of the LVMH conglomerate holding company, while others say that Delphine Arnault, the daughter of Bernard Arnault CEO and chairman at the holding company,who set the agreement in motion. De Vincenzo's joins the likes of Nicholas Kirkwood, J.W Anderson and Maxime Simoens in securing investment from LVMH.

“I needed to make my research stronger, and they are they perfect partner,” said de Vincenzo back stage at his runway show, as he prepares to take the next step in the industry with his label.

His Autumn/Winter 14 collection featured a number of reinvented classic styles, such as pleated skirts and long sleeved dresses, in a neutral palette with accents of metallic blue, bronze and strawberry in a series of wavy patterns. His dresses retail between 900 euros and 1,600 euros and his knitwear ranges from 600 euros to 1,100 euros.

The young Sicilian designer first launched his own line in Paris, before he moved to Milan in 2009, where he launches his collection during its fashion week and won Vogue Italia emerging designer award known as “Who Is on Next?”