LVMH Exploring Acquisition of Bamford
Bastion of top-drawer British style Bamford & Sons is looking for an investor, and luxury goods behemoth LVMH, owner of Louis Vuitton, might buy in. "We've come to the end of phase one, and we need a partner with more expertise in other markets," Lady Carole Bamford, who founded the brand in 2004, tells the Financial Times. She has engaged the Blackstone Group to help the firm, which has experienced 50-55 per cent growth per year for the past two years, field investment offers.
LVMH and rival luxury conglomerate Richemont are in the running, the paper reports. We have previously written about Bamford's custom $30,000 black PVD Rolex Daytona and its fall line of cashmere shooting jackets and such made from sustainable materials. They currently have men's, women's, accessories and bath & body collections, carried at their own retail stores (above) and the likes of Barneys. Bamford bills itself as "the first mainstream luxury brand to make an identity out of its organic stance."
Gallery: Bamford & Sons