The acquisition, finalised in the second half of 2024 according to High Snobiety, came just months after founder Toshikiyo Hirata's death in April. The deal marks a watershed moment for the Kojima-based brand, as majority control shifts from Hirata's son Kiro to the world's largest luxury conglomerate. Neither party publicly announced the transaction, though industry sources suggest the terms were sufficiently attractive to persuade the founding family to relinquish control of the business they had built over four decades.