Rumors have been swirling for months now that PPR is looking to invest in Christopher Kane's label. While we've yet to receive any sort of confirmation from either Kane or PPR, WWD is reporting that the deal is nearly done.
According to the trade, "PPR is getting closer to finalizing an investment" in the young London-based label.
And that's not all: Market sources told WWD that PPR has been shopping around for a CEO to head up the fledgling brand. The company's managing director of luxury, Alexis Babeau, is said to have already met with some potential candidates.
To reiterate: This is still just a rumor. But, as we've said before, WWD is not often wrong about these kinds of things. And, if PPR were interested in investing in the label, finding a suitable CEO would be the first order of business.
Christopher Kane is currently controlled by the designer and his sister and business partner Tammy Kane, and while the label has certainly been successful, a new CEO with the know-how (and resources) to run a luxury label, would help take the company to the next level--meaning there could be more categories, diffusion lines and collaborations in the brand's future.
Just another reason why Christopher Kane is a label to watch in 2013.