ICICLE

What ICICLE does

ICICLE (also known as Zhihe) is a Chinese luxury fashion brand founded in 1997 in Shanghai by Ye Shouzeng. It designs and produces premium ready-to-wear apparel and accessories for men and women under a "quiet luxury" philosophy, using natural materials (wool, cashmere, silk, linen, cotton) and traditional Chinese textile techniques such as Dong cloth from Guizhou province and gambiered Canton gauze. The company operates a vertically integrated manufacturing footprint of 170,000 square meters across Shanghai and Haimen, including a high-precision cutting collaboration with Lectra that achieves 65% operational utilization and 2-3% annual material savings.

The business distributes through over 200 owned retail stores in China, four boutiques in Paris (including a September 2025 flagship at 4 Rond-Point des Champs-Élysées), planned stores in London, Milan, and New York, and a direct-to-consumer e-commerce platform at eu.icicle.com with global shipping. Pricing is positioned in the premium luxury segment, with trench coats ranging from $1,377 to $3,742 and dresses starting at $543. Customers are affluent consumers seeking understated, culturally authentic fashion, primarily in the Chinese domestic market (driven by the guochao national trend) with growing international reach in Paris and other European fashion capitals.

The company reported FY2024 turnover of €293 million with a stated 25% growth target for 2025. In April 2026, Kering acquired a minority stake through its House of Wonders entity to support international expansion and the development of leather goods, accessories, and eyewear, and ICICLE announced IPO planning in February 2026.

Name

ICICLE

Legal name

ICICLE

Website

https://eu.icicle.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ICICLE (Zhihe) is a Chinese luxury fashion brand founded in 1997, designing premium quiet-luxury ready-to-wear apparel and accessories using natural materials and traditional Chinese textile techniques, sold through 200+ China stores and expanding Paris boutiques.

Ownership category

akta.pro rank

Product category

Luxury Apparel and Accessories

NAICS

Apparel Manufacturing (315), Apparel Accessories and Other Apparel Manufacturing (31599), Clothing and Clothing Accessories Retailers (458110)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Women's, Misses', And Juniors Outerwear (2330), Retail-Apparel & Accessory Stores (5600)

akta.pro industry

PRIMARYCRAAAAAI

Outerwear & Cold-Weather Apparel Manufacturers

Consumer Products & Retail/Apparel, Footwear & Accessories/Apparel Brands & Manufacturing

SECONDARYCRAAAEAB

Performance Outerwear & Technical Apparel

Consumer Products & Retail/Apparel, Footwear & Accessories/Athleisure & Performance Wear

SECONDARYCRAKAEAF

Luxury Scarves, Gloves & Cold-Weather Accessories

Consumer Products & Retail/Jewelry, Watches & Luxury Accessories/Luxury Accessories (Leather Goods, Sunglasses, Small Leather Goods)

SECONDARYIMAOAFAD

Scarves/Shawls/Winter Neckwear Manufacturing

Industrials, Manufacturing & Construction/Textiles, Apparel & Leather Manufacturing/Apparel Accessories Manufacturing (Hats/Gloves/Belts/Scarves)

Keywords

• Luxury ready-to-wear
• Quiet luxury fashion
• Natural fiber apparel
• Vertically integrated fashion
• Premium Chinese fashion

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices6 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Apparel Sales: Direct-to-consumer sales of women's and men's ready-to-wear fashion including trench coats, jackets, dresses, knitwear, and accessories through retail stores and e-commerce platform.
2. Accessories and Leather Goods: Sales of bags, shoes, scarves, belts, and hats. Brand expanding into leather goods and accessories categories with Kering partnership support.
3. Turnover 2024: Reported turnover of €293 million in 2024 with target of 25% growth in 2025.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

ICICLE designs, manufactures, and sells premium ready-to-wear apparel and accessories for women and men, featuring minimalist quiet luxury designs in natural materials like wool, cashmere, silk, linen, and cotton. The company operates a vertically integrated model across 170,000 square meters of manufacturing in China and sells through over 200 owned retail stores in China, boutiques in Paris, and a global e-commerce platform. Signature offerings include the Atelier Collection showcased at Paris Fashion Week and themed seasonal collections incorporating traditional Chinese textile techniques such as Dong cloth and gambiered Canton gauze.

Product overview

ICICLE is a premium Chinese luxury fashion brand founded in 1997 in Shanghai, operating on a 'quiet luxury' philosophy emphasizing understated, minimalist fashion with quality natural materials and timeless design. The company operates over 200 stores in China and has expanded internationally with locations in Paris and London. ICICLE offers a vertically integrated fashion business with Ready to Wear as the core product line covering women's and men's apparel including trench coats, jackets, blazers, dresses, tops, knitwear, skirts, trousers, shorts, and jeans, complemented by an Accessories collection (scarves, bags, shoes, belts, hats). The brand features seasonal sub-brand collections including the premium Atelier Collection showcased at Paris Fashion Week, plus themed collections such as Metal, Earth, Water, Wood, Linen, and Canton Gauze (featuring traditional Chinese fabric techniques). The company has established Paris as its international business headquarters and partnered with Kering in 2026 for international expansion.

Differentiator

Problem solved

Functional benefit

Brands

• Atelier Collection: High-end fashion collection featuring natural fibers and traditional techniques; showcased at Paris Fashion Week
• ICCF Group

Products and services

• Ready to Wear ICICLE's primary clothing line featuring minimalist, quiet luxury designs including trench coats, jackets, blazers, dresses, tops, knitwear, skirts, trousers, shorts, and jeans for women and men. Crafted from natural materials like wool, cashmere, silk, linen, and cotton.
• Accessories Complementary accessory collection including scarves, bags, shoes, belts, and hats for women and men.
• Atelier Collection High-end designer collection showcasing natural fibers and traditional Chinese techniques, presented at Paris Fashion Week as ICICLE's flagship designer offering.
• Metal Collection Seasonal collection featuring metallic-inspired hues and contemporary designs.
• Earth Collection Seasonal collection inspired by earthy tones and natural landscapes.
• Water Collection Seasonal collection featuring aquatic-inspired designs and fluid silhouettes.
• Wood Collection Seasonal collection inspired by natural wood tones and organic textures.
• Linen Collection Seasonal collection emphasizing natural linen fabrics and relaxed silhouettes.
• Canton Gauze Collection Collection featuring gambiered Canton gauze, a traditional Chinese silk fabric processed with natural mud-dyeing techniques, showcased in dresses, jackets, skirts, and tops.
• Summer Holiday Edit Seasonal summer-focused collection featuring light, breathable garments for warm weather.

Quantifiable outcome

• 2-3% material savings annually through Lectra manufacturing collaboration
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

One partnership is on record.

• ICCF GroupcoreStrategic or Co-development Partner · 16 April 2026ICCF Group announced strategic partnership with Kering to support ICICLE's development and growth. The partnership aims to expand ICICLE internationally and develop product offerings, leveraging Kering's expertise.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Loro Piana: LVMH-owned luxury house specializing in premium cashmere, wool, silk and vicuña - comparable focus on finest natural fibers and vertical fiber control, but operating at a larger, more established global luxury scale.
• Hermès: Iconic French luxury house with diversified ready-to-wear, leather goods and accessories, operating as a benchmark for premium positioning and craftsmanship-led luxury branding at scale.

Emerging players

• Uma Wang: Independent Chinese designer label recognized internationally for artisanal knitwear and textured fabrics, representing a comparable emerging Chinese luxury voice in the same quiet-luxury lane.

Direct peers

• Lemaire: French luxury ready-to-wear label known for soft minimalism and artisanal fabrics - directly comparable to ICICLE's aesthetic, premium materials focus, and cultural-art-world positioning in Paris.
• Erdos: Chinese cashmere and knitwear brand with strong domestic retail scale, comparable heritage in natural fibers and a similar go-to-market in China's premium segment, making it a relevant regional competitor for share of wallet.
• The Row: American minimalist luxury label founded by the Olsen twins, emphasizing understated womenswear and accessories made from premium fabrics - a near-mirror of ICICLE's quiet-luxury positioning for affluent consumers seeking timeless pieces.
• COS: H&M Group's minimalist premium line offering timeless, natural-material womenswear and menswear; competes in the modern-classic luxury-adjacent segment and serves a similar contemporary customer seeking understated design.
• Brunello Cucinelli: Italian 'quiet luxury' ready-to-wear house with comparable philosophy of understated design, premium natural materials, and craftsmanship-led positioning at similar luxury price points. Closest peer on brand DNA and customer profile.
• Shanghai Tang: Chinese-founded luxury brand interpreting Chinese heritage for international luxury consumers; competes in the same Chinese-heritage-meets-modern-luxury narrative that ICICLE is building.
• Max Mara: Italian luxury outerwear specialist best known for its coats and tailored ready-to-wear, competing directly with ICICLE's hero trench-coat and outerwear category at comparable luxury price tiers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCVgA0JoUGMahKUgU72rFi9Q
• LinkedInlinkedin.com/company/icicleparismode
• Instagraminstagram.com/icicle__official
• TikToktiktok.com/@icicle__official
• Pinterestfr.pinterest.com/icicle_official
• Facebookfacebook.com/ICICLEofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICICLE