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Steinhoff was founded in 1964 by Bruno Steinhoff in Westerstede, Germany. [4] [5] Bruno Steinhoff sourced furniture from communist countries in Europe, for resale in Western Europe. [6] In 1997, Steinhoff acquired 35 per cent of Gommagomma, a furniture company based in South Africa, and prepared for a merger the following year.
In August 2019, the British e-commerce company Farfetch, purchased Off-White's parent organization New Guards Group for US$675 million. [8] In July 2021, LVMH announced it would be taking a 60% stake in Off-White, with Farfetch retaining the remaining 40%. [9] [10] [11] However, Abloh owned the trademark for Off-White. [12] [13]
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