News on your favorite shows, specials & more!

Kering Acquires Majority Stake in Tomas Maier Brand

By: Nov. 20, 2013
Get Access To Every Broadway Story

Unlock access to every one of the hundreds of articles published daily on BroadwayWorld by logging in with one click.




Existing user? Just click login.

Kering is investing in Tomas Maier, the signature brand of Bottega Veneta's creative director, WWD reported.

LATEST NEWS

Joel Grey Says Audiences Should 'Heed CABARET's Warning'
Photos: Stars Arrive at DEATH BECOMES HER on Opening Night
Meet the Top 15 for Next On Stage: Season 5
Blue Man Group to End New York and Chicago Runs After Over 30 Years
Kering has formed a joint venture with Maier to help develop his brand and expand it. Maier was founded in 1997 and mainly known for swimwear, knitwear and jersey. With the help of Kering, they hope create a complete lifestyle brand.

Currently, Tomas Maier operates two freestanding stores, one in Palm Beach, FL, and another in East Hampton, NY, as well as wholesales the collection to speciality retailers and department stores.


"I am excited to enter into this new chapter for the Tomas Maier brand in parallel with my role at Bottega Veneta," the designer said. "I could not imagine a better partner than Kering for the Tomas Maier brand. We speak the same language and have a mutual understanding of how to take this business we started 15 years ago to new heights."

The transaction boosts Kering's luxury holdings. This year, Kering acquired majority stakes in Italian jeweler Pomellato and the London fashion house Christopher Kane, plus they have a minority stake in New York designer Joseph Altuzarra.





Videos