Pursuits
PPR Buys Stake in Christopher Kane, Seeks More Luxury Brands
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PPR SA, owner of the Gucci brand, bought a 51 percent stake in British fashion designer Christopher Kane, building on a collection of luxury labels that it is seeking to expand further.
PPR will help Christopher Kane, which is only distributed by third-party retailers, accelerate its expansion, the Paris-based company said today in a statement. PPR, which bought a majority stake in Chinese jeweler Qeelin last month, didn’t disclose any financial terms for today’s transaction.