Christopher Kane - Christopher Kane's PPR deal15 January 2013
PPR has bought a majority stake in Christopher Kane, acquiring a 51 per cent stake in the Scottish label.
Christopher Kane's PPR deal
PPR has bought a majority stake in Christopher Kane.
The luxury conglomerate - which already has stakes in labels such as Stella McCartney and Alexander McQueen - has acquired 51 per cent of the label, which was originally founded in 2006 by the Scottish designer and his sister, Tammy.
Kane said: ''We are very excited and honoured to be partnering with PPR for the next stage of development for our brand. PPR has 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.''
PPR chairman and CEO François-Henri Pinault added: ''Christopher is a truly great talent who has shown a real sense of modernity in the way he mixes elegance and subtle constructions. 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 its 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.''