Kering takes minority stake in major Chinese fashion group

Kering has announced it is acquiring a minority stake in ICCF Group, the parent of Shanghai-based fashion label Icicle, as the French luxury fashion group steps up efforts to tap into China's evolving high-end market.

While the financial terms of the deal have not been disclosed, according to the companies, the partnership combines ICCF's understanding of China's luxury ecosystem and cultural landscape with Kering's longstanding expertise in craftsmanship, operations and brand development in Europe.

Kering's investment will support the next phase of Icicle's growth, including accelerating its international expansion and broadening its product offering into new categories.

Founded in 1997 in Shanghai, Icicle has built a reputation for minimalist design rooted in Eastern philosophy, emphasizing natural materials and refined craftsmanship. The brand offers ready-to-wear accessories for men and women, and operates more than 200 stores globally, including flagship locations in Beijing, Shanghai and Paris.

The deal is part of Kering's newly-launched strategic initiative, House of Wonders, which aims to back emerging luxury houses with strong cultural identity and global growth potential. The program reflects a partnership-driven approach, targeting brands with distinctive creative vision and long-term resonance across markets.