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July 26 2014

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Joseph Altuzarra Finds a Friend in Kering

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Joseph AltuzarraOn the heels of winning the U.S. leg of the prestigious International Woolmark Prize, Joseph Altuzarra has sold a minority stake of his growing business to Kering. The heavyweight luxury corporation, helmed by Francois-Henri Pinault, serves as the parent company to such houses as Gucci, Alexander McQueen, Saint Laurent, Balenciaga, and Bottega Veneta, and notably invested in on-the-rise British label Christopher Kane earlier this year. In a press release, Altuzarra, who launched his New York-based ready-to-wear label back in 2008, and will show his Spring ’14 collection on Saturday, offered, “This partnership will allow us to take the Altuzarra brand to the next stage of its development, in accordance with my creative vision. I could not be happier or more proud!”

Photo: Filippo Fior/ InDigital/ GoRunway.com

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