United States Of America : Kering picks minority stake in fashion brand Altuzarra

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Kering picks minority stake in fashion brand Altuzarra

07
Sep '13

Altuzarra and Kering announce that Kering will become a minority shareholder of the New York-based Altuzarra fashion brand. This investment marks the beginning of a relationship in which Kering will accompany the growth of the brand founded in 2008 by French-American designer Joseph Altuzarra.

Joseph Altuzarra, Creative Director of the brand said, “I am delighted to enter into this relationship with Kering, a group renowned for its excellence in luxury and innovation with an incredible track record for nurturing some of the greatest talents and brands in the fashion industry.”

He added, “This partnership will allow us to take the Altuzarra brand to the next stage of its development in accordance with my creative vision. I could not be happier or more proud!”

About Altuzarra

Altuzarra is a luxury women’s ready-to-wear brand launched in New York by Joseph Altuzarra in 2008. Altuzarra was born out of the desire to make the sophisticated modern woman feel seductive, strong and confident.

Since its inception, Altuzarra has been consistent in establishing and refining its hallmark style - both subversive inn ature and fiercely feminine, it merges authentic French sophistication with American pragmatism and ease. The Altuzarra collection is distributed in premiere boutiques and department stores in Europe, USA and Asia as well as major e-tailers.

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