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Through its LVMH Luxury Ventures division, the luxury conglomerate has decided to take a minority stake in Aimé Leon Dore.

This is a decisive move that will boost the career launched by Teddy Santis in 2014, founder of the New York-based brand created in Queens. Internationally renowned for his unique style and major collaborations with brands such as New Balance, Clarks and Drake’s, Aimé Leon Dore will now receive support and guidance from LVMH.

According to sources close to the company, the brand will continue with its New York headquarters but plans to expand its flagship store and expand its physical business to London.

“LVMH’s vast network of global leaders across the industry and its rich history of growing exceptional historic brands offers a truly unique partnership opportunity to drive the next chapter of Aimé Leon Dore’s growth,” said Teddy Santis in a statement.

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