Kering Acquires Minority Stake in Chinese Luxury Brand ICICLE Through Its New House of Wonders Initiative

to natural materials and considered craftsmanship. It specializes in women’s and men’s ready to wear and accessories, and today operates more than 200 stores globally, including flagship locations in Beijing, Shanghai, and Paris.

ICCF Group, which stands for Icicle Carven China France, is a vertically integrated, high-end fashion group. ICICLE is its flagship brand, and the partnership with Kering represents a pivotal chapter in the label’s journey from a domestic Chinese luxury name to a globally recognized house.

What Kering’s Investment Means for ICICLE Kering‘s capital will directly fund ICICLE‘s next phase of international expansion, as well as the development of new product categories, including leather goods and accessories, areas where the brand currently has a nascent but growing offering.

The deal is structured as a strategic partnership rather than a full acquisition, a deliberate choice that allows Kering to bring its operational and brand building expertise to the table while preserving ICCF‘s cultural independence and local knowledge…