LVMH Moet Hennessy Louis Vuitton SA is close to a deal to take a large stake in Edun, the ecologically and socially conscious fashion line backed by singer Bono and his wife Ali Hewson, according to a person familiar with the matter.

The deal, under which LVMH would take a nearly 50% stake in Edun, could be announced as early as Thursday, though it could take several days to work out final details, this person said. Under the arrangement being discussed, LVMH, while remaining a minority shareholder, would also be involved in managing the company, the person added.