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Gucci-owner Kering to buy stake in Chinese luxury brand Icicle - Finance news and analysis from Global Banking & Finance Review
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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

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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

What stake is Kering acquiring in Icicle?
Kering is acquiring a minority stake in the Shanghai-based Icicle Fashion Group.
Who is the parent company of Icicle?
Icicle's parent company is ICCF, based in China.
How many stores does Icicle operate?
Icicle operates more than 200 stores, including locations in Paris.
When was Icicle founded?
Icicle was founded in 1997.
What 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.

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