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PPR Acquires a 51% Stake in Christopher Kane

Following his unexpected departure from Versace's Versus brand and speculation that he might succeed Nicolas Ghesquiere at Balenciaga, Christopher Kane sold a 51% stake in his eponymous brand to French holding company PPR, securing the London-based designer's foothold on the luxury fashion scene. 

The label joins Stella McCartney and Alexander McQueen as PPR's British subsidiaries, and will likely similarly benefit from its new partner's extensive experience in developing luxury brands. 

The Scottish-born designer attended British fashion cradle Central Saint Martins before settling down to forge a career in London in 2006. Within the past few years, he's solidified his standing as a member of the city's emerging young designer scene — a group which includes Jonathan Saunders, Mary Katrantzou, Matthew Williamson and Giles Deacon — receiving plenty of praise and awards from the fashion world at large. His label now employs 26 people.

In terms of initial expansion, Kane has his sights set on a retail boutique — “A shop is a dream, a real stamp of approval,” the designer tells Style.com's Tim Blanks — and a leather goods line. Whatever's ahead, all this success is his due: Congratulations!

Image via WENN

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