A month ago when Nicolas Ghesquiere's successor at Balenciaga was still an unknown, rumors began swirling that hot young London designer Christopher Kane was a shoe-in. Obviously, that turned out not to be true. Still, it seems possible that Kane could have a future with Balenciaga parent company PPR.
Shortly after those rumors, WWD reported that, “PPR has held discussions with Christopher Kane about financial backing for the fledgling firm.” And now there's some more evidence to suggest that PPR might be thinking about getting involved with Kane's label--or at least a young, up-coming label like Kane's.
“We have been talking about investing in a new luxury name,” chief executive François-Henri Pinault told the Financial Times. “We have no more young brands since Alexander McQueen and Stella McCartney have all passed the €100m mark.”
If PPR is indeed looking to invest in a new luxury name, then Kane seems like a good fit--and a sure bet. He already has a loyal fan base amongst cool girls and street style stars, he's shown one critically acclaimed collection after another, and has even proved that he can hack it in a bigger-business corporate structure with his collections at Versus, co-designed with Donatella Versace.
Speaking of which, perhaps Kane decided to part ways with the label in order to focus on his own brand's expansion. Financial backing from PPR could take Kane's label from indie designer label to luxury giant--and it would certainly require all of Kane's attention.
Needless to say, stay tuned...