TAKING A BREAK: Maxime Simoëns has parted ways with his high-profile backer LVMH Moët Hennessy Louis Vuitton, WWD has learned.
According to sources, the French wunderkind has whittled down staff at his Paris-based house and is taking a pause with his signature collection. Previously, he staged runway shows in the French capital.
Contacted by WWD, Simoëns confirmed an end to the LVMH partnership with both parties agreeing amicably on the separation. He declined to elaborate, citing confidentiality agreements, but noted, “I’m extremely serene regarding my future, for my brand and other projects. I’m very confident in my company’s future.”
WWD broke the news in 2012 that Simoëns’ fledgling business had attracted a minority investment from LVMH, with Christian Dior honcho Sidney Toledano providing business coaching to the 30-year-old talent.
LVMH officials declined all comment on Wednesday.
The French luxury giant has recently invested in a number of young designers, including Marco de Vincenzo and Nicolas Kirkwood, forging ties with promising talents who might one day take on its bigger brands, which range from Givenchy to Louis Vuitton.