Kering Acquires Minority Stake in Chinese Luxury Brand Icicle
Kering, owner of Gucci, has agreed to acquire a minority stake in Chinese luxury brand Icicle Fashion Group as part of a new partnership with Icicle's parent company ICCF. The deal aims to support Icicle's international expansion and product development, though financial terms were not disclosed. Kering recently reported a 6% decline in first-quarter sales for 2026.
Topics: acquisition Icicle Fashion Group Kering luxury fashion minority stake