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Stella McCartney company is bought by Bernard Arnault, Chairman and CEO of LVMH, who declared: I am extremely happy with this partnership with Stella. It is the beginning of a beautiful story together, and we are convinced of the great long-term potential. She was the first to put sustainability and ethical issues on the front stage, very early on, and built her House around these issues. It emphasizes LVMH Groups commitment to sustainability. . Stella McCartney added: Since the announcement of my decision to take full ownership of the Stella McCartney brand in March 2018 there were many approaches but none could match the conversation I had with Bernard Arnault and his son Antoine. The passion and commitment they expressed towards the Stella McCartney brand alongside their belief in the ambitions and our values as the global leader in sustainable luxury fashion was truly impressive. The chance to realise and accelerate the full potential of the brand alongside Mr Arnault and as part of the LVMH family, while still holding the majority ownership in the business, was an opportunity that hugely excited me. Partnering with M. Arnault, his family and LVMH is a big step for me and my family, but also the team at Stella McCartney. I look forward to a brilliant future together .
