Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Gucci-Owner Kering to Buy Stake in Chinese Luxury Brand Icicle

Published by Global Banking & Finance Review®

Posted on April 16, 2026

1 min read

Last updated: April 16, 2026

Add as preferred source on Google

Tags:Finance Banking Markets

Quick Summary

Kering has agreed to acquire a minority stake in Shanghai‑based Icicle Fashion Group, strengthening its foothold in China’s fast‑growing luxury sector and forging a new partnership with Icicle’s parent, ICCF.

Global Banking & Finance Awards 2026 — Call for Entries

Kering to Acquire Minority Stake in Chinese Luxury Brand Icicle

Kering's Strategic Investment in Icicle

Overview of the Acquisition

PARIS, April 16 (Reuters) - Gucci-owner Kering will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new partnership with its Chinese parent ICCF, the French luxury group said on Thursday.

About Icicle Fashion Group

Icicle, a fast growing Chinese luxury brand founded in 1997 that started expanding into the West, operates more than 200 stores, including in Paris, Kering said in a statement.

Reporting Credits

(Reporting by Gianluca Lo Nostro and Tassilo Hummel)

Key Takeaways

•Kering’s minority investment in Icicle aligns with its strategy to deepen presence in the Chinese luxury market and expand geographic diversification.
•Icicle, founded in 1997, operates over 200 stores domestically and internationally—including Paris—and emphasizes sustainability and nature‑inspired design.
•The partnership complements Kering’s recent moves to streamline operations and focus on strategic investments, following its divestments and new ventures in jewelry and eyewear.

Frequently Asked Questions about Gucci-owner Kering to buy stake in Chinese luxury brand Icicle

1What stake is Kering acquiring in Icicle?

Kering is acquiring a minority stake in the Shanghai-based Icicle Fashion Group.

2Who is the parent company of Icicle?

Icicle's parent company is ICCF, based in China.

3How many stores does Icicle operate?

Icicle operates more than 200 stores, including locations in Paris.

4When was Icicle founded?

Icicle was founded in 1997.

5What is the significance of this deal for Kering?

This partnership marks Kering's expansion into the fast-growing Chinese luxury market through a minority stake.

Kering's Strategic Investment in Icicle

Overview of the Acquisition

About Icicle Fashion Group

Icicle, a fast growing Chinese luxury brand founded in 1997 that started expanding into the West, operates more than 200 stores, including in Paris, Kering said in a statement.

Reporting Credits

(Reporting by Gianluca Lo Nostro and Tassilo Hummel)

Key Takeaways

•Kering’s minority investment in Icicle aligns with its strategy to deepen presence in the Chinese luxury market and expand geographic diversification.

•Icicle, founded in 1997, operates over 200 stores domestically and internationally—including Paris—and emphasizes sustainability and nature‑inspired design.

•The partnership complements Kering’s recent moves to streamline operations and focus on strategic investments, following its divestments and new ventures in jewelry and eyewear.

Frequently Asked Questions

1What stake is Kering acquiring in Icicle?

Kering is acquiring a minority stake in the Shanghai-based Icicle Fashion Group.

2Who is the parent company of Icicle?

Icicle's parent company is ICCF, based in China.

3How many stores does Icicle operate?

Icicle operates more than 200 stores, including locations in Paris.

4When was Icicle founded?

Icicle was founded in 1997.

5What is the significance of this deal for Kering?

This partnership marks Kering's expansion into the fast-growing Chinese luxury market through a minority stake.