PPR Buys a Majority Stake in Christopher Kane
(ImaxTree) Christopher Kane at his spring 2013 London Fashion Week show
French luxury holding company PPR Group—whose properties include Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, and Stella McCartney—has acquired a 51 percent stake in Christopher Kane's eponymous brand.
"Christopher is a truly great talent who has shown a real sense of modernity in the way he mixes elegance and subtle constructions," said Chairman and CEO Francois-Henri Pinault. "In just a few years he has built a very distinctive and exciting brand with a unique DNA. I am delighted that Christopher Kane is joining PPR's portfolio of luxury brands and working with us to further develop his business as a global luxury brand. Christopher Kane is already established as a luxury label and has a tremendous intrinsic growth potential. We thus have great ambitions for the brand and will enable it to benefit from our expertise and know-how while providing the space for it to further develop its own creative identity."
Kane launched his own collection in 2006, immediately after completing the MA Fashion at London's Central Saint Martins. The designer has worked at Versace and Versus and his label has collaborated with brands including Topshop, J Brand, and Swarovski.
"We are very excited and honored to be partnering with PPR for the next stage of development for our brand," Kane said. "PPR have an incredible reputation for building some of the very best luxury brands in the world. They respect our creative vision and they have the expertise and experience to help us build the Christopher Kane brand globally."