Kering in Talks with Mr. Christopher Kane for a Sale of the Eponymous Brand Back to the Designer
21 Giugno 2018 - 6:00PM
Business Wire
Regulatory News:
Kering (Paris:KER) is announcing that discussions are underway
with Mr. Christopher Kane about the conditions in which the British
designer could take back full control of the eponymous brand.
Christopher Kane and Kering wish to continue to collaborate with
the aim of achieving a gradual and harmonious transition.
As an accounting consequence of the talks underway, the Group
will apply IFRS 5, Non-current Assets Held for Sale and
Discontinued Operations to this asset in its half-yearly accounts
to June 30, 2018, which will be published July 26. The brand is
currently consolidated according
to the full consolidation method.
In 2013, Kering had acquired 51% of the brand created by
Christopher Kane in 2006.
About Christopher Kane
Christopher Kane, the label, launched in 2006 and began almost
immediately upon Kane’s graduation from Central Saint Martins,
capitalizing on the success of his award winning MA collection that
had already garnered much media attention. The designer has always
been acknowledged as both a precocious and truly gifted talent.
Christopher Kane has quickly matured and grown to become one of the
powerhouse labels of British fashion with one of the biggest
International profiles. The catwalk shows, held during London
Fashion Week, are a widely acknowledged highlight of the
International fashion calendar. Developing his playful signatures
of constant innovation, rebellious femininity and extraordinary
skill, his clothes continue to surprise and seduce with their
ineffable sense of chic.
About Kering
A global Luxury group, Kering manages the development of a
series of renowned Maisons in Fashion, Leather Goods, Jewelry and
Watchmaking: Gucci, Saint Laurent, Bottega Veneta, Balenciaga,
Alexander McQueen, Brioni, Christopher Kane, Tomas Maier,
Boucheron, Pomellato, Dodo, Qeelin, Ulysse Nardin,
Girard-Perregaux, as well as Kering Eyewear. By placing creativity
at the heart of its strategy, Kering enables its Maisons to set new
limits in terms of their creative expression while crafting
tomorrow's Luxury in a sustainable and responsible way. We capture
these beliefs in our signature: “Empowering Imagination.” In 2017,
Kering had nearly 29,000 employees and pro forma revenue of €10.823
billion.
www.kering.comTwitter: @KeringGroupLinkedIn: KeringInstagram:
@kering_officialYouTube: KeringGroup
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version on businesswire.com: https://www.businesswire.com/news/home/20180621005896/en/
PressKeringEmilie Gargatte, +33 (0)1 45 64 61
20emilie.gargatte@kering.comorAstrid Wernert, +33 (0)1 45 64 61
57astrid.wernert@kering.comorChristopher KaneJasmine Sevan,
+44
2038107063jasmine.sevan@christopherkane.comorAnalysts/investorsKeringClaire
Roblet,+33 (0)1 45 64 61 49claire.roblet@kering.comorLaura Levy,
+33 (0)1 45 64 60 45laura.levy@kering.com
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