Balenciaga Owner Buys into Christopher Kane

After massive speculation and even false reports that Christopher Kane would take over at Balenciaga, it turns out that PPR (Pinault-Printemps-Redoute) has bought into the Scottish-born, London-based designer's namesake company. As you likely already know, PPR owns (or has substantial stake in) Gucci, Bottega Veneta, Balenciaga, McQueen, YSL, and now Christopher Kane. The French holding company announced its 51% share in the company today.

CEO François-Henri Pinault said: “In just a few years, [Kane] has built a very distinctive and exciting brand with a unique DNA ... We thus have great ambitions for the brand and will enable it to benefit from our expertise and know-how." So, what can we expect? The first-ever Christopher Kane store, a second-ready-to-wear-line and a bigger e-commerce presence.