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LVMH venture capital arm invests in lifestyle brand Madhappy

The venture capital arm of luxury goods retailer LVMH Moët Hennessy - Louis Vuitton Société Européenne invested an undisclosed amount in California-based lifestyle brand Madhappy Inc., according to the LVMH Luxury Ventures website.

The brand advocates mental health wellness and optimism through its products, which include men's and women's apparel and accessories. It sells online and through pop-up stores in Melrose Place and Abbot Kinney in California; Soho in New York; Williamsburg, Va.; Aspen, Colo.; and Miami.