Great news for Joseph Altuzarra ahead of his runway show tomorrow: European luxury giant Kering, formerly known as PPR, has taken a minority stake in the New York–based label. From this morning's press release:
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.
Mazel tov! This may also mark the beginning of a grooming process for Altuzarra to eventually take over at one of Kering's other major houses, which include Alexander McQueen, Balenciaga, Bottega Veneta, Gucci, and Saint Laurent. (Indeed, Altuzarra was rumored to be in the running for Balenciaga last year; the position went to Alexander Wang instead.) Either way, it's great for him, and great for the New York fashion industry to have a major international luxury group backing another one of our own.
Most Viewed Stories
The Big Secret of Every Dating App: Tech Doesn’t Matter
American Apparel Files for Bankruptcy
‘Truly Ugly Guy With Glasses’ Is Europe’s Most Virile Man
Ellie Kemper Thinks Kimmy Schmidt Would Fit in Well in Greenpoint
Astrology GIFs for the Week of October 5, 2015
Céline’s Woman-Friendly Triumph
Why Do I Jerk Awake Right As I’m Falling Asleep?
Sleater-Kinney on Riot Grrl, Reuniting, and Portlandia
It’s Harder to Be Thin Than It Was in the ’80s
From Our Partners
15 Ways You Know a Girl Studied Abroad in Paris
The Zoe Report
Why I Quit Shopping At Zara
5 Must-Have Products for Your Makeup Bag
The Day I Told The Ugly Truth About My Marriage
powered by PubExchange
The Cut’s Latest Fashion FeaturesZendaya Floated Around Paris Like a Cloud
Dreamy.See Our Exclusive Portfolio From Paris Fashion Week
Another fashion month dispatch from photographer Tomasz Lazar.Coddington, Kawakubo Star in Interview Portfolio
They were photographed for a sweeping 60-page section by Fabien Baron.American Apparel Files for Bankruptcy
Current shareholders, including Dov Charney, will no longer control the company.The Retired Modeling Agent Who Loves Empire
“I started my own agency — we represented Twiggy — but went off to be assistant to the actor Yul Brynner, who was dating my roommate at the time.”Bright Coats for Cold Days
New York women in winter's least-boring outerwear, from bright-green alpaca fur to leopard-print mohair.Céline’s Woman-Friendly Triumph
Phoebe Philo remains in touch with what women want to wear.Watch the Akris Livestream
Enjoy!From Up Close, Raf Simons’s Vision for Dior Is Clear
And don't count John Galliano out at Margiela yet.5 Things I Want to Wear From Paris: Part 2
Cropped sweaters, a spangled skirt, and more.
Along with Cindy Crawford, Anjelica Huston, Rita Ora, and Lena Dunham.Kendall Jenner and Gigi Hadid Partied in Balmain
Plus: more highlights from Paris Fashion Week's parties, including Jared Leto.See All the Street Style From Paris Fashion Week
Featuring wooden platforms, velvet robes, and floor-length ponchos.Who Won Best-Dressed at Milan Fashion Week?
Another city, another people's choice Peacock.Style Smackdown: Olivia Pope vs. Cookie Lyon
Judging the best looks from this week's episodes.Never Mind the Feminist Sound-Bites, Rick Owens Just Showed His Best Clothes Yet
Gymnast models symbolizing "women supporting women" wore mature yet spontaneous looks.Grace Jones Is Having the Wildest Book Tour Ever [NSFW]
She flashed crowds at her signing in New York.Tom Ford and Lady Gaga Turn the Runway Into a Disco
The designer is showing his newest collection in a video.All About Dior’s Spring 2016 Show
Rihanna, lavender walls, and pointy flats.Cecilia Dean on Her Latest Immersive Fashion Project
A downtown art event with DVF and Proenza Schouler.