Although exact details of the deal are not known, discussions are focusing on the purchase of a 40 per cent stake in the brand which was established in 2002 by Jack McCollough and Lazaro Hernandez. Delphine Arnault, the daughter of LVMH chairman and CEO Bernard Arnault, publicly showed interest in the brand last year saying, "I love what they do. They have an amazing talent - just look at the fabrics. We've been following their work for a while."
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| Proenza Schouler |
The rumoured acquisition would be the latest in a line of high-profile investments by the luxury powerhouse over the last year, following those in Nicholas Kirkwood, JW Anderson and Giuseppe Zanotti.
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