News

Chanel takes a stake in a second Italian tannery

30/07/2020

Italian media have quoted luxury brand Chanel as saying it is in the process of taking a controlling interest in another tannery, Conceria Gaiera.

This would be Chanel’s fifth investment in its leather supply chain in recent years, following its purchase of a 100% stake in specialist Catalan double-face producer Colomer in 2018, its acquisition of two French small skins tanneries, Bodin Joyeux in 2013 and Mégisserie Richard in 2016, and its purchase of a controlling stake in Tuscan tanner Conceria Samanta last year.

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