With a deal made last July, LVMH—as previously reported—increased its stake in Off-White while also taking a minority stake in the brand's operating company, which itself is under the control of the aforementioned New Guards Group and parent company Farfetch. Made clear in the new Business of Fashion report is that while the agreement between New Guards and LVMH can indeed be renegotiated or brought to an end in 2026, the two entities are currently viewing the relationships as a long-term one. Louis Vuitton's chairman and CEO, Michael Burke, compared the current Off-White situation to a pivotal moment in Dior history. "If the legacy is rich, authentic, and steeped in values that go beyond fashion, the odds of turning a passing into something eternal are spectacular," Burke said Monday, comparing the 2022 position of Off-White to that of Dior in 1957 following the death of Christian Dior. Read more here.