Kering Nabs Minority Stake In NYC-Based Luxury Brand

Law360, New York (September 6, 2013, 4:36 PM EDT) -- Fresh off a name change, European luxury and sportswear fashion house Kering has nabbed a minority stake in the New York City-based Altuzarra, a high-end women's fashion brand, and is expected to bolster the brand's growth, according to a Friday statement.

The deal gives France-based Kering, which was formerly known as PPR SA, a shareholder stake in a relatively young luxury brand, according to a statement. Financial details of the deal were not disclosed, and representatives for both Altuzarra and Kering declined to comment further on...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.