Les voiles de Gehry 2

An other version of the Louis Vuitton Foundation’ sails, design by the architect Frank Gehry, ready for the opening on October 27. Bois de Boulogne, Paris.

Une autre version des voiles de la fondation Louis Vuitton, dessinées par l’architecte Frank Gehry, prêtes pour l’ouverture du 27 octobre. Bois de Boulogne, Paris.

#architecture #frankgehry #museum #paris #fondationlouisvuitton

LVMH invests $60 Million to YG Entertainment and becomes 2nd largest shareholder!

The private equity arm of French luxury goods giant LVMH (LVMH.PA) will invest up to $80 million in South Korea’s YG Entertainment Inc (122870.KQ).

YG and LVMH, the world’s largest luxury goods maker, are also in talks for a strategic partnership, said Eai-Jin Song, who heads YG’s investor relations team, declining to elaborate.

YG has previously said it will launch a joint venture fashion brand with Samsung Group fashion unit Cheil Industries this quarter. YG is also expected to enter the cosmetics business, partnering with China’s Huanya Group and local makeup manufacturer Coson Co Ltd (069110.KQ), analysts have said.

"I expect the investment would enable YG to enter the fashion industry. YG will be able to leverage its performers to expose and market fashion products,” said Hong Jung-pyo, an analyst at Kiwoom Securities.

L. Capital Asia will invest 61 billion won ($60 million) in new preferred shares of YG and is in talks to buy another $20 million in shares from Yang Hyun-suk, the former K-pop star who founded YG and is its largest shareholder, according to a YG filing. It will become YG’s second-largest shareholder.

YG is one of South Korea’s three main K-pop talent agencies, with acts including Big Bang and 2NE1 and a market value of $690 million as of Wednesday’s closing.

"It hasn’t been that long that South Korean cultural projects have shown profit, but returns are improving and foreign investors are showing more interest, especially for success cases like YG," James Park, director-general at the Korea Venture Capital Association, said last week.

LVMH and YG have worked together before.

When YG-managed rapper-producer G-Dragon, a member of Big Bang and a fashion icon, released his solo album in 2009, LVMH’s Louis Vuitton was the clothing sponsor, the first time the luxury brand backed a South Korean singer.

Source: reuters

LVMH Prize Finalist: Vika Gazinskaya

Courtesy Photo

Growing up in Moscow, Vika Gazinskaya had little to no exposure to fashion. “There were no glossy magazines, no TV programs, nothing,” she said. So when Mattel opened its Russian business in the early Nineties, Gazinskaya unleashed her creativity onto a Barbie doll. “My mother couldn’t afford to buy clothes for it, so I used every single piece of fabric I could find in my house,” the designer recalled.  For More