Stella McCartney regains her independence
Fashion

Stella McCartney regains her independence

After 17 years in the Kering Group, Stella McCartney has bought back her shares, regained her freedom and become "the sole owner of her brand".
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The two parties have jointly announced that they have "entered into an agreement" on the sale of 50% of Kering's stake in the Stella McCartney brand. The 46-year-old designer therefore becomes "the sole owner of her brand" which she launched in 2001 as part of a partnership with the Italian company Gucci.

“It is the right moment to acquire the full control of the company bearing my name. This opportunity represents a crucial patrimonial decision for me... I look forward to the next chapter of my life and what this brand and our team can achieve in the future.” - Stella McCartney

The two sides will continue to work together to ensure a smooth and gradual transition and maintain the momentum of Stella McCartney's eponymous label. The British designer will also remain a member of the Kering Foundation Board of Trustees to fight violence against women.

© Photo credit: Patrick Kovarik. AFP

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