LVMH Luxury Ventures has taken a minority stake in Swedish brand Our Legacy, the LVMH investment arm’s second cash injection into a buzzy menswear brand in two years, after taking a stake in Aimé Leon Dore in 2022.

Financial terms of the deal were not disclosed

The Stockholm-based Our Legacy will use the investment to boost its operations and accelerate the next phase of growth, including the opening of flagship stores in key global cities, according to multiple reports.

It comes as Our Legacy posted industry-defying growth in the last fiscal year ending June 30, registering sales of €40 million ($43.6 million) for the year, up from €30 million the year prior and €8 million in 2021.

Founded in 2005 by Jockum Hallin, Cristopher Nying and Richardos Klarén, Our Legacy has amassed a devoted following over the last 19 years, known for its applying of custom-developed fabrics on signature shapes and silhouettes.

The brand presents its seasonal collections at Milan Fashion Week.

The investment in Our Legacy follows LVMH Luxury Venture’s minority stake in New York-based luxury streetwear brand Aimé Leon Dore, founded by Teddy Santis two years ago. Since its inception in 2017, the Paris-based luxury conglomerate’s investment arm has also invested in luxury brand Gabriela Hearst, fragrance brand Officine Universelle Buly, and streetwear retailer Stadium Goods, among others.