10 posts tagged "Kering"
It’s a big day for Christopher Kane. Not only did the designer unveil his Spring ’14 collection (left) this morning at London fashion week, but the house also announced that it will open its first flagship store in London’s tony Mayfair neighborhood before the end of 2014. This is the second notable development for the brand since it sold 51 percent of its business to Kering earlier this year—the first having been the appointment of Alexandre de Brettes as CEO this past July. “To have our own retail space gives us the chance to showcase our collections and to really express our vision,” offered Christopher and Tammy Kane in a press release. “To open in London first was really important to us as this is where our label was born.”
Watch out, Kering. LVMH is comin’ round the bend on the young designer investment front—or it’s rumored to be, anyway. Today, WWD reports that LVMH is believed to be in talks with London-based up-and-comer Jonathan Anderson of J.W.Anderson. The emerging talent, known for his wares’ slick cuts and androgynous appeal, has been on the rise for the past few seasons. Earlier this year, he launched his very first ad campaign, which debuted exclusively here. And who could forget his collaboration with Versace’s Versus? No doubt, a little help from LVMH would further elevate his line—and his profile. In related news, there have been whispers the past few months that LVMH is looking to invest in accessories designer Nicholas Kirkwood’s growing business, too. This all comes on the heels of Kering’s headline-making move to buy a 51 percent stake in Christopher Kane in January, as well as the company’s purchase of shares in Altuzarra just last week. All in all, it looks like luxury parent corps are invested in funding the future of fashion—here’s hoping the designers will continue to stay their respective creative courses.
On 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!”
After being acquired by Kering last January, Christopher Kane has made its first big hire, naming Alexandre de Brettes—formerly Kering’s director of financial communications and market intelligence—as its CEO. De Brettes will officially step into his new role on September 1. “We are delighted that Alexandre is joining our company,” offered Christopher and Tammy Kane. “Together, we will focus on organic global growth and protecting and nurturing the creative DNA of our business,” added the brother-sister team, who, after running their London-based label independently for six and a half years, sold a 51 percent stake to Kering so they could focus on the creative side and expand the brand. Back in January, Kane told us, “We all want to conquer the world. And the world is our oyster with [Kering].”