On April 16, French luxury group Kering announced that it has entered into a strategic partnership with China-based fashion group ICCF. As part of the agreement, Kering will acquire a minority stake in ICCF. Financial terms of the transaction have not been disclosed.
The partnership brings together ICCF’s deep understanding of the Chinese market with Kering’s long-established expertise in craftsmanship and brand development in Europe. By combining their respective strengths, the two companies aim to enhance their competitiveness in the global luxury landscape.
In a statement, Kering said, “This partnership brings together ICCF’s deep understanding of the Chinese luxury ecosystem and cultural landscape with Kering’s long-standing expertise in craftsmanship, operations and brand development in Europe.”
Accelerating ICICLE’s Global Expansion
Kering’s investment is expected to support the next phase of growth for ICCF’s flagship brand, ICICLE. This includes expanding the brand’s international presence and strengthening its product offering through entry into new categories.
Kering added, “The investment of Kering will support the next phase of development of ICCF’s flagship brand ICICLE, including the continued international expansion of the brand, as well as the enrichment of its product offering across new categories.”
Founded in Shanghai in 1997, ICICLE is known for its design philosophy rooted in Eastern aesthetics. The brand combines natural materials, refined craftsmanship, and a quiet, contemporary sensibility. It currently operates more than 200 stores worldwide, including flagship locations in Beijing, Shanghai, and Paris, offering women’s and men’s ready-to-wear as well as accessories.
A New Investment Strategy Through “House of Wonders”
The partnership is being driven by “House of Wonders,” a newly launched strategic initiative by Kering. The program is designed to identify and support emerging luxury brands with strong cultural relevance across markets, categories, and geographies, with a long-term development perspective.
Through such partnerships, Kering aims to create sustainable long-term value by collaborating with brands that embody a distinctive vision, authenticity, and strong global growth potential.
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