LVMH Announces That It Has Sold Off-White LLC, Company Which Owns Off-White Brand, To Bluestar Alliance; Terms Of The Transaction Are Not Being Disclosed
Portfolio Pulse from Benzinga Newsdesk
LVMH has sold Off-White LLC, the company owning the Off-White brand, to Bluestar Alliance. The terms of the transaction have not been disclosed.
September 30, 2024 | 5:04 pm
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NEUTRAL IMPACT
LVMH has divested Off-White LLC to Bluestar Alliance, potentially impacting its brand portfolio and focus.
The sale of Off-White LLC by LVMH could indicate a strategic shift in its brand portfolio. However, without financial details, the immediate impact on LVMH's stock is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80