Paule Ka to Open Stores in Russia
The French fashion brand has signed a distribution deal with JamilCo Group, a Russian luxury brand distributor, to help their international growth and designed to more than double its revenues by 2016. Paule Ka is known for its retro-flavored Parisian chic and will open six freestanding boutiques in Russia during the next four years. It plans to have 100 stores worldwide by 2016. The brand has expanded steadily since it was founded 25 years ago and its fans include Kate Middleton, Jennifer Lopez, and Kristin Davis. Paule Ka currently operates in 51 countries and has 57 freestanding stores.
Alexander McQueen is Skipping the Fall Runway
Kate Middleton isn’t the only British fashion icon who will be sporting a baby bump. Alexander McQueen designer Sarah Burton will be on maternity leave at her home in London during Paris Fashion Week. She is expecting twins! The show must go on, but instead of the usual theatrical runway spectacle, the fashion house will host a small presentation to show Burton’s fall collection. Around 100 editors are invited to the presentation on March 5 at 4:30 p.m. with buyer appointments in the evening. McQueen confirmed it will reclaim its usual time slot on Tuesday, 7:30 p.m. for the spring 2014 runway show.
PPR Takes a Stake in Christopher Kane
The Luxury conglomerate PPR is buying a piece of London’s fashion scene, forging a deal to acquire a 51 percent stake in Christopher Kane. The French group said it plans to capitalize on the Scottish designer’s notoriety and creative prowess to expand the brand and develop the business as a global luxury brand. Future plans include adding a second ready-to-wear line and opening Kane’s first freestanding boutique in likely in London in 2014. After graduating from Central Saint Martins in London, Kane founded his brand in London in 2006 and focused on women’s wear. Today he has 26 employees and ships his collections to over 200 stores worldwide. PPR is the home of many fashion houses including Stella McCartney, Alexander McQueen, Gucci, Yves Saint Laurent, and Balenciaga. François-Henri Pinault, chairman and chief executive officer of PPR, released a statement saying, “Christopher Kane is already established as a luxury label and has a tremendous intrinsic growth potential. We thus have great ambitions for the brand and will enable it to benefit from our expertise and know-how, while providing the space for it to further develop its own creative identity.”
– Claire Mykrantz