By Antonia Di Lorenzo

LVMH Moet Hennessy Louis Vuitton SE (MC.FR) said Monday it has reached an agreement with Stella McCartney that aims to develop her namesake brand, Stella McCartney House.

The scope of the deal will be detailed in September, the French luxury-goods company said.

"Stella McCartney will of course continue as creative director and ambassador of her brand, while holding majority ownership," it said, adding that she will be a special advisor to Chief Executive Bernard Arnault and the executive committee members.

The closing of the agreement is subject to the approval of the competition authorities.

Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com

(END) Dow Jones Newswires

July 15, 2019 13:13 ET (17:13 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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