Andrea Felsted, Columnist

For the Luxury Crowd, SPACs and Suits Are So This Season

LVMH and Zegna are striking deals to reposition themselves for a post-pandemic world. They offer a window into the changing business of bling.

July 22, 2021 at 1:00 AM EDT

By Andrea Felsted

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Where’s your suit?
Photographer: Pascal Le Segretain/Getty Images Europe

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Luxury deals are so this season.

On Tuesday, LVMH Moet Hennessy Louis Vuitton SE, the world’s biggest luxury company, said it would buy 60% of Off-White, the streetwear label founded by Virgil Abloh, the creative director of Louis Vuitton’s menswear line.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE