PPR have set their sights on the United Kingdom and bought in top Brit designer Christopher Kane.
PPR have acquired a 51% stake in the luxury brand Christopher Kane, joining the likes of Alexander McQueen and Stella McCartney.
Since leaving his position with Donatella Versace’s younger brand ‘Versus’ last fall, Christopher Kane couldn’t have had better luck.
Kane was rumoured to become director for Balenciaga, another PPR owned brand, which has yet to be confirmed and has now become a part of one of the biggest retail stakeholders in the world.
PPR is a French multinational holding company who invests in some of the world’s largest luxury brands. It looked as if PPR has had their eye on Christopher Kane, ran by Christopher Kane himself and his sister and business partner Tammy, for quite some time after their split from Versus last year.
Christopher Kane is the first luxury fashion brand PPR have bought a stake in since 2001, and have since been buying up sports and lifestyle luxury brands.
Christopher Kane, founder and creative director of the brand said: “We are very excited and honoured to be partnering with PPR for the next stage of development for our brand. PPR have 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.”
This luxury investment company own fashion legendary brands Gucci, Yves Saint Laurent and Bottega Veneta, whilst holding large stakes in Alexander McQueen and Stella McCartney, not bad for a UK fashion graduate.
According to sources PPR’s managing director Alexis Babeau is said to be interviewing for potential candidates to fill the role of chief executive of the London based brand.