Chanel buys first tannery to secure supplies

06/12/2013
French fashion house Chanel has acquired its long-time lambskin provider, French tannery Bodin-Joyeux, following similar moves by peers Kering, Hermes and LVMH.

Bruno Pavlovsky, chairman of Chanel’s fashion business, said the brand had been working with the tannery for 30 years and would continue to supply rivals.

He estimated the price of lambskin has risen by about 25-30% in the past three to five years, and said that the company would still rely on about 15 other tanneries for supply.