It's a good day for Aimé Leon Dore fans all over the world: the label just received investment from LVMH.

Following its success since its founding in 2014, LVMH Luxury Ventures has taken a minority stake in the brand, which will continue to operate as normal out of its New York City offices, but with support from the conglomerate.

During the past few years, ALD has gained a cult following and has become a household name amongst fashion enthusiasts and streetwear fans, with collaborations ranging from Clarks and Woolrich to New Balance. The label's founder Teddy Santis was also appointed creative director of New Balance's "Made in USA" line last year, working with the label on plenty of footwear silhouettes and potential collaborations.

In addition to Aimé Leon Dore, LVMH also invested in Gabriela Hearst's eponymous label, as well as mystery-box shopping platform Heat. Based on previous investment history, LVMH has a pretty impressive track record when it comes to choosing brands.

As it stands, the investment won't impact the brand's aesthetic – we'll still see all the preppy design cues mixed with streetwear heritage we know and love.