Kering Invests in China, Acquires Stake in ICICLE Brand
Kering and ICCF have announced a strategic partnership to combine their complementary strengths in the luxury sector. As part of this agreement, Kering will acquire a minority stake in ICCF.
Strategic Synergy
The partnership brings together ICCF's deep understanding of the luxury ecosystem and the Chinese cultural landscape with Kering's longstanding expertise in craftsmanship, operations, and brand development in Europe. Kering's investment will support the new development phase of ICCF's flagship brand, ICICLE, including its continued international expansion and the enhancement of its product offerings in new categories.
Brand Heritage and Expansion
Founded in Shanghai in 1997, ICICLE is a fashion brand known for its aesthetic rooted in Eastern culture, combining natural materials, refined craftsmanship, and a contemporary, understated sensibility. The brand specializes in ready-to-wear and accessories for women and men and operates over 200 stores, including iconic locations in Beijing, Shanghai, and Paris.
Strategic Partnership within House of Wonders
This strategic partnership is part of House of Wonders, a key initiative recently launched by Kering, aimed at selectively supporting emerging luxury houses with significant cultural relevance across all markets, categories, and geographical areas. Through House of Wonders, Kering aims to create long-term value through a rigorous and partnership-based approach, committing alongside brands driven by a distinctive vision, deep authenticity, and potential for global resonance.
