PARIS, April 16 (Reuters) - Gucci-owner Kering will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new partnership with its Chinese parent ICCF, the French luxury group
Kering to Acquire Minority Stake in Chinese Luxury Brand Icicle
Kering's Strategic Investment in Icicle
Overview of the Acquisition
PARIS, April 16 (Reuters) - Gucci-owner Kering will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new partnership with its Chinese parent ICCF, the French luxury group said on Thursday.
About Icicle Fashion Group
Icicle, a fast growing Chinese luxury brand founded in 1997 that started expanding into the West, operates more than 200 stores, including in Paris, Kering said in a statement.
Reporting Credits
(Reporting by Gianluca Lo Nostro and Tassilo Hummel)
