Apparel and accessories company Kering is taking a minority stake in Altuzarra for an undisclosed amount.
New York-based Altuzarra is a luxury fashion brand founded in 2008 by designer Joseph Altuzarra. The brand is sold at Barney’s, Net-a-Porter, Bergdorf Goodman and other stores.
Kering develops apparel and accessories for luxury and lifestyle brands, including Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, McQ, Balenciaga, Brioni, Christopher Kane, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, JeanRichard, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn. The Paris-based company was known as PPR until June, when it changed its name to Kering.
For more on retail, see “Retail M&A: Time-Tested Brands Sell.”