Luxury Fashion Brands: LVMH Sells Patou as the Group Starts Pruning Its Loss-Making Houses
LVMH sold Patou on 31 July to Dilesh Mehta’s Nirvana Investments. Revenue tripled since 2021 to EUR 13.76 million, alongside roughly EUR 23.94 million of cumulative losses. The tolerance for loss-making houses has been withdrawn.
