Derek Lam launched his own label in 2003, after having worked for brands such as Michael Kors. Lam debuted his first collection during New York Fashion Week in September 2003. In 2005, Lam won the CFDA Perry Ellis Swarovski Award for new designers.

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In a statement Derek Lam said: Jan and I are excited to assume sole leadership of the company. We would like to thank Labelux for its support and strategic guidance over the last four years, allowing the Company to develop and affirm its position as a leading fashion brand in the global luxury market. Now, we look forward to our continued growth and to the many exciting possibilities ahead of us”.

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Mieck said that Labelux would be focussing on providing its “core businesses with the investment,With the growing trend in this industry, expertise and platforms to pursue their advances into the league of world-class luxury, thereby delivering strong growth synergies and long-term value for the group.”

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