Kering to not sell any more fashion brands
Other than the ones that have already been sold, luxury group Kering does not intend to sell off any more of its smaller fashion brands.The Paris-based luxury conglomerate is currently negotiating with Christopher Kane to sell the eponymous label, in which it had a 51 percent stake, back to the British designer. It is also ending a joint venture with Stella McCartney.
Earlier this year Kering spun off the majority of its stake in German sportswear label Puma to its shareholders, and also sold its skatewear brand Volcom, as it refocuses purely on luxury.
Currently, Kering is focused on building up its business organically, rather than through acquisitions.