Christopher Kane is in talks to buy back his namesake fashion brand from Kering.
The Scottish designer studied at Central Saint Martins in London before founding his label alongside his sister Tammy in 2006, with celebrity fans of his creations including Lara Stone, Alexa Chung and Kate Bosworth.
While Kane agreed to sell a 51 per cent stake in his company to fashion conglomerate Kering in 2013, he is now in negotiations to take back ownership.
“Kering is announcing that discussions are underway with Mr. Christopher Kane about the conditions in which the designer could take back full control of the eponymous brand,” a representative for Kering said in a statement on Thursday (21Jun18). “Christopher Kane and Kering wish to continue to collaborate with the aim of achieving a gradual and harmonious transition.”
Neither Kane nor Kering chairman and chief executive officer Francois-Henri Pinault have commented further on the deal.
Kering executives plan to list the stake under “non-current assets held for sale and discontinued operations” in its half-yearly accounts to June 30, set to be published on July 26.
In addition to Kane’s label, Kering controls fashion houses such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and Brioni.
The Paris-based luxury giant also managed Stella McCartney’s brand for 17 years, until the designer made moves to regain full control of her brand back in March.
Previously, Kane spoke of his desire to spearhead a revival of British high fashion.
“I don’t think anyone knows what good or bad taste is,” he told Porter magazine last August. “If designers don’t go out there and change perceptions, then where it’s the newness? Where is the thrill in buying something and wearing it? We all need to put more of a thrill back into fashion.”
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