Kering acquires minority stake in ICICLE owner ICCF

The deal is part of Kering’s new “House of Wonders” initiative.

Luxury group Kering and ICCF have announced a new strategic partnership to strengthen their positions in the global luxury market.

As part of the agreement, Kering will acquire a minority stake in ICCF.

“This partnership brings together ICCF’s deep understanding of the Chinese luxury ecosystem and cultural landscape with the Kering long‑standing expertise in craftsmanship, operations and brand development in Europe,” the group said in a statement.

The investment is expected to support the next phase of growth for ICCF’s flagship brand, ICICLE, including international expansion and the development of new product categories.

The collaboration is part of Kering’s newly launched strategic initiative, House of Wonders, which focuses on selectively supporting emerging luxury brands with strong cultural relevance and global growth potential.