Stella McCartney has bought back the minority stake in her namesake fashion business from LVMH.
The designer, and daughter of British singer-songwriter Paul McCartney, is now in full control of the business after working with LVMH for five years.
McCartney will continue to serve as an ambassador and sustainability advisor to the executive team, according to WWD.
“This new chapter for Stella McCartney reflects her desire to write a new page in her story independently, after working closely with the group to strengthen the fundamentals and governance of her house,” LVMH and McCartney said in a joint statement.
McCartney launched her minimalist brand Stella in 2022.
The skin care brand is communicated as having a ‘clear conscience’, which was developed in partnership with LVMH’s beauty division.
All of the products are refillable and are housed in reusable bottles made from recycled glass, in a move said to lower the product's environmental impact by up to half.
McCartney’s re-entry into beauty came 19 years after the launch of her perfume line, which was followed by a skin care range in 2007 called CARE.
She originally founded her own fashion house under her name in 2001 in partnership with Gucci Group, which has since gone on to become Kering.
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