The luxury group led by Luca De Meo announced that it will acquire a minority stake in ICCF, a Chinese fashion group that owns the Icicle brand. It's a strategic partnership aimed at combining the complementary strengths of Kering and ICCF across the luxury industry.

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

The investment of Kering will support the next phase of development of ICCF’s flagship brand, Icicle, including the continued international expansion of the brand, as well as the enrichment of its product offering across new categories.

Founded in 1997 in Shanghai, Icicle is a fashion brand known for a design aesthetic rooted in Eastern philosophy, bringing together natural materials, refined craftsmanship, and a quiet, contemporary sensibility. The brand specializes in women’s and men’s ready-to-wear and accessories and operates more than 200 stores, including flagship locations in Beijing, Shanghai, and Paris.

This strategic partnership is driven by House of Wonders, a strategic initiative newly launched by Kering, designed to selectively support emerging luxury Houses with strong cultural relevance across markets, categories, and geographies. Through House of Wonders, Kering aims to build long‑term value through a disciplined, partnership‑driven approach, engaging with brands defined by a distinctive vision, deep authenticity, and global resonance potential.

Photo: Icicle Fall-Winter 2026/2027