Altuzarra is the latest label to win the backing of Kering.
The luxury giant which recently added Christopher Kane to its portfolio of labels such as Gucci, Yves Saint Laurent, Bottega Veneta, Alexander McQueen and Stella McCartney has taken a minority stake, putting the eponymous Josephs fledgling business firmly in the fashion big league.
What I really loved about Kering was how they invested and helped brands from the ground up, the Paris-born designer tells WWD. Alexander McQueen and Stella McCartney, they were tiny brands when Kering came in and I very much admire both of those brands. I think theres a cohesiveness in their universe and a very idiosyncratic way of building their own worlds, which I really respect and admire. That is the kind of brand we would want to be down the line.
The deal couldn't have gone through at a busier time, as he prepares to unveil his spring collection at New York Fashion Week tomorrow.
The size of Kering's stake and, indeed, the money involved in the deal have not been revealed, but Altuzarra says the company was incredibly supportive of his desire to keep creative control.
His next big focus? Accessories bags, specifically.
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