Kering forms a strategic partnership with ICCF around flagship brand ICICLE, and acquires a minority stake [Yahoo! Finance]
KERING SA UNSP/ADR (PPRUY)
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Source: Yahoo! Finance
KERING FORMS A STRATEGIC PARTNERSHIP WITH ICCF AROUND FLAGSHIP BRAND ICICLE, AND ACQUIRES A MINORITY STAKE Kering and ICCF today announced a strategic partnership aimed at combining their complementary strengths across the luxury industry. As part of this partnership, Kering will acquire a minority stake in ICCF. This partnership brings together ICCF's deep understanding of the Chinese luxury ecosystem and cultural landscape with the Kering long-standing expertise in craftsmanship, operations and brand development in Europe. The investment of Kering will support the next phase of development of ICCF's flagship brand ICICLE, including the continued international expansion of the brand, as well as the enrichment of its product offering across new categories. Founded in 1997 in Shanghai, ICICLE is a fashion brand known for a design aesthetic rooted in Eastern philosophy, bringing together natural materials, refined craftsmanship and a quiet, contemporary sensibility. The bra
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