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LVMH takes minority stake in Gabriela Hearst

Gabriela Hearst is joining the LVMH portfolio. The investment arm of the international luxury group LVMH, called LVMH Luxury Ventures, has taken a minority stake in the New York-based fashion label. While terms of the deal have not been announced, a press release noted that LVMH Luxury Ventures' investments usually range from 2 million to 15...

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