While the terms of the partnership were not disclosed, it is expected that the deal will help Stadium Goods to expand. The sneaker site was launched in 2015 and the company has a retail store in lower Manhattan.

Launched in 2017, LVHM Luxury Ventures has the sole mission of funding emerging brands within the luxury space in exchange for minority stakes in order to help them thrive and grow.

LVMH Moët Hennessy Louis Vuitton owns 70 luxury brands, including Christian Dior, Louis Vuitton, Bulgari, Fendi and Givenchy.