Stella McCartney is repurchasing the minority stake held by LVMH in the house she founded about five years after the luxury group bought it, LVMH and Stella McCartney said in a statement on Monday. McCartney will continue to advise LVMH chief executive Bernard Arnault and the group's executive team on sustainability issues as a Global Ambassador on Sustainability,

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Stella McCartney is buying back the minority stake in her fashion brand held by LVMH Moët Hennessy Louis Vuitton, the luxury giant said in a brief statement. The group said she was taking back the stake "after more than five years of fruitful collaboration with LVMH.