FRANCE: Kering invests in Tomas Maier brand
Kering (formerly PPR) is stepping up investment in its luxury portfolio by entering into a joint venture with Tomas Maier to develop the US-based brand.
The joint venture will focus on developing the brand's product portfolio - which includes swimwear, knits and jersey - into a complete lifestyle proposition.
Maier himself will continue to be creative director of Kering-owned Bottega Veneta, a position he has held since 2001.
The company has also been divesting brands from its Redcats mail order division after it failed to find a buyer for the whole business.
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