Kering Takes Minority Stake in Altuzarra

Joseph Altuzarra | Source: Courtesy photo

NEW YORK, United States — Kering, the luxury conglomerate formerly named PPR, has taken a minority stake in Altuzarra, the label founded in 2008 by French-American designer Joseph Altuzarra. The deal was finalised yesterday, only days before the label is scheduled to show its Spring 2014 collection at New York Fashion Week, and announced by Altuzarra and Kering this morning.

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LVMH and Kering Sales Growth Accelerates as Luxury Goods Industry Rebounds

Louis Vuitton Menswear Spring/Summer 2014 | Photo: Sonny Vandevelde

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, and Gucci owner Kering SA reported accelerating sales growth as the industry rebounded from a weak start to the year.

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