Louis Vuitton Moët Hennessy (LVMH) has sold Off-White LLC to brand management company Bluestar Alliance, marking a significant transition for the luxury fashion brand Virgil Abloh founded in 2012. Women’s Wear Daily reported that while the financial terms of the deal remain undisclosed, Bluestar CEO Joey Gabbay emphasized the company’s commitment to honoring Abloh’s legacy, fostering innovation, and embracing diversity. “Virgil was a creative pioneer who had a profound impact on the global fashion industry and creative community,” said Gabbay. “Acquiring Off-White represents a unique opportunity for Bluestar Alliance to honor and build upon the enduring legacy of Virgil Abloh.” Originally called “PYREX VISION” in 2012, Off-White — Abloh’s first official fashion venture — launched in 2013 and quickly became known for its unique blend of influences and signature designs. The brand was shortlisted for the LVMH Prize in 2015. Abloh died of cancer at the age of 41 in 2021. When the deal...

Hennessy wants to fund the next generation of Black entrepreneurs. On March 29, the world’s best-selling cognac unveiled its “Never Stop Settle Society,” a comprehensive growth accelerator co-created with the Marcus Graham Project (MGP). The initiative was introduced in the new “Dear Destiny” commercial narrated by Hip-Hop legend Nas and produced by UNINTERRUPTED. The commercial aired during the 52nd NAACP Image Awards on BET with a spotlight placed on the legacy of Black Wall Street. “The ‘Never Stop Never Settle Society’ builds on Hennessy’s long-standing commitment to Black communities and ongoing mission to champion cultural diversity by pushing the limits of potential for Black entrepreneurs,” said Jasmin Allen, Senior Vice President, Hennessy US, in an official press release. “We aim to expand on that legacy in the most impactful and meaningful ways by providing access to capital and resources to those demonstrating the ability to reshape Black communities through social...