Luxury fashion group Kering is in talks with Christopher Kane to sell its 51% stake in the brand back to the eponymous designer, following a five-year partnership.
The move would give 100% of the brand back to Kane.
In a statement, the luxury conglomerate said: “Kering is announcing that discussions are underway with Christopher Kane about the conditions in which the British designer could take back full control of the eponymous brand. Christopher Kane and Kering wish to continue to collaborate with the aim of achieving a gradual and harmonious transition.”
In 2013, Kering acquired 51% of the Christopher Kane brand. The label was launched in 2006, shortly after Kane’s graduation from Central Saint Martins.
In March, Kering announced the sale of a 50% stake in Stella McCartney back to the designer, giving her 100% of the business. The group said McCartney will remain a board member of the Kering Foundation, and the brand house and she will continue to collaborate closely in the field of sustainable fashion.