LOS ANGELES – In a significant expansion of its luxury portfolio, REVOLVE Group, Inc. (NYSE: RVLV) has acquired a majority stake in the high-end fashion brand Alexandre Vauthier, known for its haute couture craftsmanship. The acquisition, announced today, aims to enhance REVOLVE’s offerings in the premium fashion sector and solidify its position in the market.
Alexandre Vauthier, a brand celebrated for its couture designs and high-quality craftsmanship, has been a part of FWRD’s luxury brand portfolio and resonates strongly with its sophisticated clientele. This partnership is expected to leverage REVOLVE and FWRD’s innovative marketing and operational strategies with Vauthier’s design expertise to elevate the brand’s status in the luxury fashion arena.
Michael Mente, Co-CEO & Co-Founder of REVOLVE Group, Inc., expressed enthusiasm about the partnership, highlighting the synergy between REVOLVE’s brand marketing strategies and Vauthier’s visionary designs. Alexandre Vauthier reciprocated the sentiment, acknowledging REVOLVE’s understanding of growing a haute couture business in today’s market.
The collaboration will kick off with an exclusive dinner during Paris Fashion Week and will be followed by the integration of Alexandre Vauthier’s collections on FWRD and AlexandreVauthier.com in the fall. A showcase is also planned for Paris Couture Week in January 2025.
As part of the transaction, REVOLVE Group will invest 6 million euro over three years into a newly formed entity, with further financial terms remaining undisclosed. This strategic move is in line with REVOLVE’s commitment to cater to evolving consumer preferences and to continue driving growth and innovation in the fashion industry.
This announcement is based on a press release statement from REVOLVE Group, Inc.
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