Luxury group Moët Hennessy Louis Vuitton LVMH has agreed to take a minority stake in UK fahion brand JW Anderson.

Founder Jonathan Anderson will remain the majority shareholder in the company, while also becoming creative director of LVMH leather goods brand Loewe.

"When Delphine Arnault and I first met Jonathan, we immediately felt that we could help him express the full potential of his innovative, fast emerging and already influential brand," said LVMH fashion group chairman and CEO Pierre-Yves Roussel.

"While discussing our partnership and as we got to know him better, it became clear that his understanding of all creative facets of a brand and his capacity to transform tradition into an exciting vision for the present would make him also the perfect creative director for Loewe."

Last week, LVMH acquired a majority stake in UK footwear brand Nicholas Kirkwood. LVMH said the deal will allow Kirkwood to "further develop his vision and build his brand internationally".