Matthew Williams sells majority stake in 1017 ALYX 9SM

Hong Kong-based entrepreneur Adrian Cheng has acquired a majority stake in 1017 ALYX 9SM, a fashion company founded in 2015 by Matthew Williams and Luca Benini of Slam Jam. In its eight-year history, ALYX has garnered recognition, including being a 2016 LVMH Prize finalist and receiving endorsements from the late Virgil Abloh, along with notable collaborations in recent years. Although specific details about the acquisition remain undisclosed, in a statement, the label said that Cheng “sees this investment as a testament to his belief in the transformative power of fashion. This strategic decision underlines Adrian Cheng’s commitment to supporting avant-garde designers who are redefining the boundaries of fashion.”