French company Kering acquires minority stake in ICCF to expand ICICLE

Kering and ICCF today announced a strategic partnership aimed at combining their complementary strengths in the luxury industry. As part of this partnership, Kering will acquire a minority stake in ICCF.

This partnership brings together ICCF's deep knowledge of the Chinese luxury ecosystem and cultural landscape with Kering's long experience in craftsmanship, operations and brand development in Europe.

Kering has partnered with ICCF and will take a minority stake to support ICICLE's growth. The collaboration combines ICCF's knowledge of China's luxury market with Kering's expertise in craftsmanship and brand building. Supported by Kering's House of Wonders initiative, the agreement aims to expand ICICLE internationally and expand its product range.

Kering's investment will support the next phase of development of ICCF's flagship brand, ICICLE, including the brand's continued international expansion as well as the enrichment of its product offering in new categories.

Founded in 1997 in Shanghai, ICICLE is a fashion brand known for a design aesthetic rooted in Eastern philosophy, combining natural materials, refined craftsmanship and a calm, contemporary sensibility. The brand specializes in men's and women's ready-to-wear and accessories and operates more than 200 stores, including flagship locations in Beijing, Shanghai and Paris.

This strategic partnership is powered by House of Wonders, a recently launched strategic initiative by Kering, designed to selectively support emerging luxury Houses with strong cultural relevance across markets, categories and geographies. Through House of Wonders, Kering aims to generate long-term value through a disciplined, partnership-driven approach, engaging with brands defined by distinctive vision, deep authenticity and potential for global resonance.

Note: The headline, ideas and image of this press release may have been refined by Fibre2Fashion staff; the rest of the content remains unchanged.

Fiber2Fashion News Desk (RM)

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