Kering takes a minority stake in Altuzarra fashion brand.
Luxury goods giant Kering (formerly PPR) became a minority shareholder of the New York-based Altuzarra fashion brand, looking to establish its stronghold among the next generation of fashion designers. After the acquisition of the London fashion label Christopher Kane in January, Joseph Altuzarra’s namesake label is the latest fashion house to be backed by luxury group.
This investment marks the beginning of a relationship in which Kering will accompany the growth of the brand founded in 2008 by French-American designer Joseph Altuzarra.
“I am delighted to enter into this relationship with Kering, a group renowned for its excellence in luxury and innovation with an incredible track record for nurturing some of the greatest talents and brands in the fashion industry. 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!” commented Joseph Altuzarra, Creative Director of the brand.
Altuzarra is a luxury women’s ready-to-wear brand launched in New York by Joseph Altuzarra in 2008. Since its inception, Altuzarra has been consistent in establishing and refining its hallmark style – both subversive in nature and fiercely feminine, it merges authentic French sophistication with American pragmatism and ease.