KERING TO PURCHASE MINORITY STAKE IN CHINA’S ICICLE
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Kering is purchasing a minority stake in a chinese luxury brand. The brand is reportedly Icicle, although some outlets refer to the company as ICCF, which may be the owner of the Icicle brand. The details of the purchase are not fully clear, but it appears that Kering, the owner of gucci, is acquiring a minority stake in the company.
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