Bluestar Alliance, LLC announces the acquisition of Off-White LLC, the company that owns the Off-White brand, from LVMH

PARIS, Sept. 30, 2024 /PRNewswire/ — LVMH announces that it has sold Off-White LLC, the company that owns the Off-White brand, to Bluestar Alliance, LLC, a New York-based brand management company. The terms of the transaction are not disclosed. Founded in 2012 by Virgil Abloh, Off-White is an international luxury streetwear brand.

“Virgil was a creative pioneer who had a profound impact on the global fashion industry and creative community. The acquisition of Off-White represents a unique opportunity for Bluestar Alliance to honor and build on Virgil Abloh’s enduring legacy. His visionary approach to fashion resonates deeply with our core values. Abloh’s ability to fuse street culture with fashion has created a powerful foundation that aligns with our vision of fostering innovation while embracing diversity. The acquisition of Off-White and the opportunity to provide strategic investment and leverage our global network of resources will allow us to continue the cultural and creative momentum that Virgil started and that Bluestar Alliance strives to continue,” says Joey Gabbay, CEO of Bluestar Alliance.

LVMH is proud of the legacy Off-White has built under the visionary leadership of Virgil Abloh. Bluestar Alliance is the perfect partner to continue this legacy. Bluestar Alliance shares our commitment to respecting creative integrity, and we are confident that under their leadership, Off-White will continue to innovate while respecting the spirit and values ​​of the brand.

About Off-White c/o Virgil Abloh Founded in 2013, Off-White defines the gray area between black and white as color. Under the brand, seasonal collections of men’s and women’s clothing, objects, furniture and publications express the current cultural vision. The collections are embedded in a repeating story, with an emphasis on creating clothing that has an identity at the design stage. With a design studio based in Milan, Italy, the brand leverages the country’s history and craftsmanship while offering a global perspective on design and trends. With a clear vision to combine the reality of wearing clothes with the artistic expression of high-fashion, creative director and designer Virgil Abloh explored concepts from youth culture in a contemporary context.

About LVMHLVMH Moët Hennessy Louis Vuitton is represented in Wines & Spirits by a portfolio of brands including Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc , Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Newton, Bodega Numanthia, Ao Yun, Château d’Esclans, Château Galoupet, Joseph Phelps and Château Minutes. Its fashion and leather goods division includes Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givechy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou, Barton Perreira and Vuarnet. LVMH is present in the perfume and cosmetics sector with perfumes by Christian Dior, Guerlain, Parfums Givechy, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian and Officine Universelle Bully myself. LVMH’s watches and jewelry division includes Bulgari, Tiffany & Co., TAG Heuer, Chaumet, Zenith, Fred and Hublot. LVMH also operates selective retail and other businesses through DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels.

About Bluestar Alliance, LLC Founded by Joseph Gabbay and Ralph Gindi in 2006, Bluestar Alliance owns, manages and markets a portfolio of consumer brands that span multiple levels of distribution, with a primary focus on department store retail brands. Brands in the portfolio include Hurley, Scotch & Soda, bebe, Elie Tahari, Kensie, Justice, Catherine Malandrino, Nanette Lepore, English Laundry, Brookstone, Joan Vass and Limited Too.

COMMUNICATION:

LVMHMedia: Jean-Charles Tréhan / [email protected] / + 33 1 44 13 26 20 Analysts and investors: Rodolphe Ozun / [email protected] / + 33 1 44 13 27 21

Bluestar [email protected] Rosen: [email protected]

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