UK: PPR acquires majority stake in Christopher Kane
French apparel and luxury group PPR has acquired a 51% stake in designer brand Christopher Kane in order to help develop the business.
PPR said it will enable the Christopher Kane brand to accelerate its expansion by providing the support it needs to grow to the next level.
The eponymous brand was launched by Christopher Kane following his graduation from Central Saint Martin's College in 2006. The line sells across the world and has collaborated with brands such as Versace, Versus, J Brand, Topshop, Swarovski and Shiseido.
PPR said the deal allows it to expand its portfolio of luxury brands, while fulfilling its mission to empower new creative talent. It is also PPR's first investment in a British designer brand since it acquired Stella McCartney and Alexander McQueen in 2001 through the Gucci Group.
"Christopher is a truly great talent who has shown a real sense of modernity in the way he mixes elegance and subtle constructions," said PPR chairman and CEO François-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."
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