<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=lvmh">LVMH </a>said on Friday it had set up LVMH Luxury Ventures, a vehicle destined to invest in small, promising fashion, cosmetics or accessories companies.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=lvmh">LVMH </a>said on Friday it had set up LVMH Luxury Ventures, a vehicle destined to invest in small, promising fashion, cosmetics or accessories companies.
LVMH Luxury Ventures, which will headed by group deputy-head of mergers and acquisitions (M&amp;A) Julie Bercovy, will buy stakes in luxury companies with sales of between 2 million and 5 million euros ($5.4 million) and a high-growth potential.
&#8220;The aim is to accompany financially the development of these small nuggets to create value,&#8221; said an LVMH spokesman.
The venture will have a starting capital of 50 million euros while the size of the investment allocated to each company will range from 2 million euros to 10 million euros.
The luxury goods industry is seeing signs of a surge of emerging fashion brands that are proving popular with young consumers thanks to social networks.
The Instagram account of Anastasia Beverly Hills, a California make-up brand distributed by LVMH&#8216;s <a href="http://www.dealstreetasia.com/?s=sephora">Sephora </a>network, has 13 million subscribers, while Louis Vuitton, the core division of LVMH, has 14.6 million subscribers.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/lvmh-to-sell-donna-karan-to-g-iii-apparel-for-650-million-48421/">LVMH to sell Donna Karan to G-III Apparel for $650m</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/cosmetics-startup-luxola-acquired-by-lvmh-owned-sephora-8905/">Cosmetics startup Luxola acquired by LVMH-owned Sephora</a>
Reuters

LVMH said on Friday it had set up LVMH Luxury Ventures, a vehicle destined to invest in small, promising fashion, cosmetics or accessories companies.

LVMH sets up vehicle to hunt for emerging luxury brands

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

LVMH sets up vehicle to hunt for emerging luxury brands

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief