PPR Seals The Deal, Buys 51% Stake In Christopher Kane



christopherkaneUPDATE: It's official: PPR has acquired a 51% stake in Christopher Kane's label, making him the first U.K. designer to join the group since Stella McCartney and Alexander McQueen in 2001. Not bad company, eh?

One would think that life post-Donatella would be a little less sweet, but that doesn't seem to be the case for Signora Versace's former boy wonder, Christopher Kane.

After parting ways with Versus this past fall, the Scottish designer now appears to be courting a potential investment by the PPR fashion group, which owns luxury labels like Gucci, Yves Saint Laurent, and Bottega Veneta, and has a significant stake in Stella McCartney and Alexander McQueen.

Rumours surfaced a while ago that PPR was keen to align themselves with Kane. But it now seems to be gathering momentum thanks to new reports suggesting that the head of PPR's luxury division, Alexis Babeau, is interviewing candidates for a chief executive position within Kane's company, which the designer runs with his sister, Tammy. Anything you'd like to share with the class, Christopher?

Stay tuned as we try to get to the bottom of this. Though, from our vantage point, it looks like yet another U.K. fashion talent is about to hit the big time. Cue smugness. (WWD)

Photo courtesy of Christopher Kane