Department store operator PPR SA (PPRUF.PK,PPRUY.PK) and Christopher Kane have signed an agreement for PPR to acquire 51 percent of the luxury designer brand “Christopher Kane” to develop the business in partnership with its creator Scottish designer Christopher Kane. The Christopher Kane brand was founded by the designer in 2006. The brand is known for its inventive and imaginative fashion, offering classic but subtly daring designs. Originally focused on ready-to-wear for women, the brand expanded into menswear in 2010.
It sells across the world and has enjoyed successful collaborations with brands such as Versace, Versus, J Brand, Topshop, Swarovski and Shiseido. The company is based in London and has 26 employees. By partnering with Christopher Kane, PPR increases its portfolio of luxury brands. It also fulfills its mission to empower new creative talent. PPR has a track record of backing rising designers and has enjoyed success with brands such as Alexander McQueen and Stella McCartney. For the Christopher Kane brand, PPR will enable it accelerate its expansion, by providing it the necessary support. François-Henri Pinault, Chairman and CEO of PPR, said, “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.” PPR settled higher by 1.8 percent on Monday at 149.40 euros.
To receive FREE breaking news email alerts for PPR SA and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com