How nice, as fashion week begins, to see a new brand getting some money. Today Kering, the French luxury group formerly known as PPR, announced they were taking a minority stake in young American brand Joseph Altuzarra (that’s Joseph, left, with model Stella Tennant in Altuzarra). This makes their second recent investment in a new name – they bought a 51% stake in British brand Christopher Kane last January – and their first in a US designer. Read more
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