Alexander McQueen Fashion Label to Continue, Says PPR
PPR has
announced
that the Alexander McQueen fashion house will continue after the death of its founder. The majority share of Alexander McQueen is owned by Gucci, which is owned by French luxury giant PPR.
"This would be the best tribute that we could offer to him," said Francois-Henri Pinault, president of the group.
Mr McQueen hanged himself in his London flat on 11 February. He was said to have been distraught over the recent death of his mother.
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In a statement, the Gucci Group said it was providing "logistical, financial and human support" to the Alexander McQueen team and was working hard to continue the brand's growth.
It said that it was committed to presenting the designer's collection at Paris fashion week at the beginning of March .
"I believe strongly in the Alexander McQueen brand and its future," said Robert Polet, president and chief executive of Gucci Group.
"Alexander McQueen will leave an important legacy that Gucci will continue to protect, grow and celebrate."
Alexander McQueen emloys 180 people worldwide and has 11 boutiques. Speculation is now beginning as to who will be the lead designer for the label.
