Queens-based streetwear brand, Aimé Leon Dore receives investment from French luxury goods conglomerate, LVMH.

Under the deal, LVMH will offer support and guidance while allowing the brand to continue operating independently out of its New York offices.

In a statement, Aimé Leon Dore founder Teddy Santis expresses,

“LVMH’s vast network of global leaders across the industry and its rich history in growing exceptional storied brands offers a truly unique partnership opportunity to fuel the next chapter of growth Aimé Leon Dore.”