(photo courtesy of msn.com)
51% of Christopher Kane has been purchased by PPR. The luxury company currently owns Alexander McQueen, Balenciaga, Gucci, Saint Laurent Paris, Bottega Veneta and Stella McCartney. There have been a lot of talk lately about Kane going over to PPR, as they (like LVMH) have taken growing designers and flourished them into forever household names.
"The biggest winner is Christopher Kane, who has found a partner who believes in him and his talent, and has the patience to allow his brand to develop and discover the path that works for him. In the fast-paced, high-stakes world of global fashion, this kind of investment from one of the world’s leading luxury groups is the holy grail — and Kane is highly deserving of the endorsement." - Business of Fashion
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