Kering's Stake in Altuzarra Measured at 40%

Sources also confirmed that the fashion brand's operation will remain separate from Kering.


KERING’S INVESTMENT IN ALTUZARRA: As New York Fashion Week continues, much of the buzz was on Kering’s investment stake in Joseph Altuzarra. WWD has learned that the size of Kering’s stake in Altuzarra is about 40 percent, according to financial and market sources. These sources also confirmed that Altuzarra’s operation will remain separate from Kering, and will not in any way be connected to the companies under Kering’s umbrella.