Chanel owners and L’Oreal heir invest in the Olsen twins' fashion label

A file picture shows an entrance to The Row luxury fashion boutique in London. Photo: Bloomberg

The family behind luxury brand Chanel and the billionaire heiress of L’Oreal have bought a stake in the fashion label The Row, founded by the Olsen sisters.

The Wertheimer brothers, via their family office Mousse Partners, and Francoise Bettencourt Meyers’ family vehicle, Tethys Invest, have bought a minority stake in the fashion brand, according to people familiar with the situation, who asked not to be named discussing matters that aren’t public.