Kering acquires minority stake in owner of China’s Icicle

16 Apr 2026

French luxury conglomerate Kering today announced a strategic partnership with Icicle Carven China France (ICCF), the fashion group behind Chinese luxury brand Icicle, and will acquire a minority stake in the company.

The deal brings together ICCF’s understanding of the Chinese luxury market with Kering’s expertise in European craftsmanship, operations, and brand development. Kering said the investment will fund the next phase of Icicle’s international expansion and help the brand extend its product offering into new categories. Financial terms were not disclosed.
Founded in Shanghai in 1997, Icicle has built a reputation around a design aesthetic rooted in East Asian philosophy, centered on natural materials and refined craftsmanship. The brand specializes in women’s and men’s Ready-to-Wear and accessories, and operates more than 200 stores, with flagship locations in Beijing, Shanghai, and Paris. ICCF operates with headquarters functions shared between Paris and Shanghai.
Kering’s new program for backing emerging luxury brands
The partnership is driven by House of Wonders, a newly launched Kering initiative designed to selectively back emerging luxury houses with strong cultural relevance. Kering said the program will take a disciplined, partnership-driven approach, engaging with brands defined by a distinctive vision, deep authenticity, and global resonance potential.