NICHOLAS KIRKWOOD is rumoured to be LVMH's next acquisition. The luxury conglomerate is said to be one of several potential backers currently in discussion with the British footwear designer, WWD reports. Neither company has commented on the speculation yet.
Kirkwood - who launched his label in 2005, after studying at Central Saint Martins and Cordwainers - won this year's BFC/Vogue Designer Fashion Fund in January. His prize included £200,000 cash and mentoring from leading figureheads to help build his business. His sculpted designs have attracted a wide following, including Alexa Chung, Beyoncé Knowles, Rihanna and Jennifer Lawrence.
If reports are true, Kirkwood would follow in the footsteps of fellow British designer Christopher Kane - who sold a majority stake to luxury conglomerate PPR in January.