Is PPR close to signing a deal with Christopher Kane?
News reports this morning indicate that Christopher Kane could be close to signing a deal with PPR. The French parent company of fashion houses such as Stella McCartney and Alexander McQueen is believed to be in the process of finalising their investment in Kane's label.
Whispers of a deal first sprouted in November, around the same time that the Scottish designer was rumoured to be in line for the creative director job at Balenciaga. As we all know that role ended up going Alexander Wang, who was appointed the position at the end of November.
Concurrently it was reported that Kane was in discussions with PPR over the financial backing of his eponymous label. No doubt such a major move would help to catapult him onto the world's stage. Funnily enough, PPR is also the parent company of Balenciaga. Plus it was during this time that Kane announced he would be parting ways with Donatella Versace on their joint project, Versus. Is this all just a coincidence? I'm guessing not.
"According to market sources, Alexis Babeau, managing director of PPR's luxury division, recently interviewed potential candidates to become chief executive of the designer firm, which is controlled by Kane and his sister and business partner, Tammy," reports WWD today.
An announcement could be immiment with Kane set to present his Autumn 2013 men's wear collection today at the London Collections: Men showcase. Stay tuned!