PPR Set To Buy Christopher Kane?

IS PPR set to buy London-based brand Christopher Kane? According to industry sources, the luxury fashion group is interested in investing in the label.

PPR, helmed by Francois-Henri Pinault, includes fashion houses such as Yves Saint Laurent, Gucci, Stella McCartney and Alexander McQueen within its portfolio - and is apparently looking to expand to incorporate more British-based brands, reports WWD. The company is believed to have held discussions with Christopher Kane in which financial backing has been offered. Nothing has yet been confirmed and representatives for PPR and Kane
were unavailable for comment.

The Scottish-born designer was linked to the creative director position at Balenciaga earlier this month, rumours which were dismissed as "unfounded" by his spokesperson. Kane recently parted ways with Versace sister brand Versus - for which he had designed since 2009 - reportedly to concentrate fully on his own-name label.