By and  on September 6, 2013

NEW YORK — Joseph Altuzarra is the latest emerging designer to be brought into the Kering portfolio.

WWD has learned that Kering, previously PPR, has taken a minority stake in Altuzarra. The deal closed Thursday, two days before the designer shows his spring collection in New York. At his Howard Street studio Thursday afternoon, as he was in the midst of fittings, he was excited but admittedly tired. “It’s been a superexciting week because [the Kering deal] was all coming together and the collection came in,” said Altuzarra, wearing a T-shirt and camouflage pants, as Vanessa Traina and various design assistants went through the racks of the spring collection.

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