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...
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