Gucci-owner Kering to buy stake in Chinese luxury brand Icicle
16/04/2026 10:43
PARIS, April 16 (Reuters) - Gucci-owner Kering PRTP.PA will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new partnership with its Chinese parent ICCF, the French luxury group said on Thursday. Icicle, a fast growing Chinese luxury brand founded in 1997 that started expanding into the West, operates more than 200 stores, including in Paris, Kering said in a statement. (Reporting by Gianluca Lo Nostro and Tassilo Hummel) ((gianluca.lonostro@thomsonreuters.com))