Chanel and Brunello Cucinelli to Snatch Stake in Italian Story Producer

Chanel and Brunello Cucinelli on Tuesday signed a joint promise to hurry 24.5 p.c stakes in Italian cashmere and fibre producer Cariaggi Lanificio. The Cariaggi nation will stay in keep watch over of 51 p.c of stocks.

The proceed is the original building in a trade in introduced in March 2022, when Cucinelli received a 43 p.c stake in its longtime cashmere provider, and represents a landmark tie-up between the 2 properties. Cucinelli will promote 18.5 p.c of its stake to Chanel, which can even gain 6 p.c from the Cariaggi nation.

Within the pace few years, Chanel has taken stakes a variety of producers, together with Italian tannery Gaiera and knitwear specialist Paima and in 2020 and 2021, to create its provide chain. The logo’s provide chain acquisitions now general over 40, from a accumulation a decade in the past.

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How Chanel Is Strengthening Its Supply Chain

Over the pace two years, Chanel has received seven unutilized producers. On the space’s ‘Métiers d’Artwork’ exhibit in Paris, president of style Bruno Pavlovsky beggarly indisposed his technique for future-proofing the French emblem’s provide chain.