Stella McCartney is repurchasing the minority stake held by LVMH in the house she founded about five years after the luxury group bought it, LVMH and Stella McCartney said in a statement on Monday.

LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods.

Stella McCartney has bought back the minority stake in her namesake fashion business from LVMH. The designer, and daughter of British singer-songwriter Paul McCartney, is now in full control of the business after working with LVMH for five years.