11:48 AM EDT, 06/25/2024 (MT Newswires) -- Revolve Group ( RVLV ) said Tuesday that it has acquired a majority stake in luxury fashion brand Alexandre Vauthier.

As part of the deal, Revolve Group ( RVLV ) will contribute purchased assets to a newly formed entity and will invest 6 million euros over three years.

Other financial terms were not disclosed, the company added.

Consumers will be able to access Alexandre Vauthier's creations on Revolve Group's ( RVLV ) FWRD platform and AlexandreVauthier.com in the upcoming fall season, the company said.

Shares of Revolve Group ( RVLV ) fell more than 2% in recent trading activity.

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