Kering 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.
In 2013, Kering had acquired 51% of the brand created by Christopher Kane in 2006.
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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.
Christopher Kane and Kering wish to continue to collaborate with the aim of achieving a gradual and harmonious transition.
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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 30 June 2018, which will be published 26 July.
The brand is currently consolidated according to the full consolidation method.