Chanel and L'Oréal Families Invest in The Row
Chanel and L'Oréal Families Invest in The Row
Chanel and L'Oréal Families Invest in The Row
News summary

The Olsen sisters' luxury fashion brand, The Row, has secured significant investments from the Wertheimer brothers, owners of Chanel, and Francoise Bettencourt Meyers, heiress of L'Oréal, valuing the company at approximately $1 billion. The investment was facilitated through their family offices, Mousse Partners and Tethys Invest, respectively. Fashion entrepreneur Natalie Massenet's Imaginary Ventures and Lauren Santo Domingo's StDominique Capital are also participating in the funding round. The Row, known for its minimalist aesthetic and high-quality materials, has gained a reputation in the quiet luxury segment and plans to open its first boutique in France soon. Despite these investments, the Olsen twins will remain the majority shareholders of the brand, which has become popular for exclusive items such as their $7,000 handbags. All involved parties have refrained from commenting on the transaction details.

Story Coverage
Bias Distribution
100% Center
Information Sources
07fd0e62-c9b3-40d6-8df3-b4bd500c5667
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
5 days ago
Bias Distribution
100% Center
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News