{"id":160154,"date":"2018-06-21T17:49:22","date_gmt":"2018-06-21T17:49:22","guid":{"rendered":"https:\/\/www.theindustry.fashion\/christopher-kane-in-talks-with-kering-to-buy-back-control-of-his-brand\/"},"modified":"2021-08-12T13:53:08","modified_gmt":"2021-08-12T13:53:08","slug":"christopher-kane-in-talks-with-kering-to-buy-back-control-of-his-brand","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/christopher-kane-in-talks-with-kering-to-buy-back-control-of-his-brand\/","title":{"rendered":"Christopher Kane in talks with Kering to buy back control of his brand"},"content":{"rendered":"

British designer Christopher Kane is in talks with luxury conglomerate Kering to buy back control of his business<\/strong>.<\/p>\n

Kering, which is also home to luxury super brands such as Gucci, Saint Laurent and Balenciaga,<\/strong> has issued a statement to say it is consulting with Kane \"about the conditions in which the British designer could take back full control of the eponymous brand\".<\/p>\n

Kane, a graduate of Central Saint Martins, founded his label in 2006 and Kering acquired a 51% stake in 2013.<\/strong> He is one of the most celebrated British designers and his shows remain a highlight of London Fashion Week, however relative to many of Kering's assets the business is small.<\/p>\n

Kering said it had made an accounting provision to classify the brand as \"<\/strong>Non-current Assets Held for Sale and Discontinued Operations\"<\/strong>\u00a0<\/em>in its next set of half-year numbers to 30 June, which are due to be published on 26 July.<\/p>\n

\"Christopher Kane and Kering wish to continue to collaborate with the aim of achieving a gradual and harmonious transition<\/strong>,\" Kering said in a statement.<\/p>\n

The move comes shortly after Kering sold back its 50% stake in British designer Stella McCartney's label<\/a> after a 17-year partnership. McCartney had entered into a joint venture with what was then Gucci Group to enable her to launch her sustainable and cruelty-free business, but she is now in full control of the brand and the business is now headquartered in London. Last week it opened a new flagship on London's Old Bond Street<\/a>, which was seen as a bold statement about its new independent status.<\/p>\n

For its part, Kering would appear to be focusing its efforts on its larger, international super brands<\/strong>. It recently stated an ambition to grow its phenomenally succesful Gucci brand into a \u00a0\u20ac10bn business.<\/p>\n","protected":false},"excerpt":{"rendered":"

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