After the jeweler Leo France and the shoe manufacturer Grey Mer, the fashion house on rue Cambon has just acquired a stake in the silk company Montero. Having already integrated numerous French skills and expertise into its subsidiary Paraffection, Chanel is thus stepping up its support for its Italian suppliers.
Having already helped to save numerous French skills and expertise, Chanel is continuing to “come to the rescue” of the Italian industry.
“Mantero Seta and Chanel have entered into a partnership with the acquisition by the French fashion house of a minority stake in the textile company based in Como,” explains in a press release Equita, the Italian partner of Clairfield International, a corporate finance and M&A advisory firm, which assisted Mantero in this merger.
According to the Italian daily Il Sole 24, the share sold would be 35%.
50-year relationship
“This step is a natural extension of the relationship that has linked the two companies for more than 50 years and demonstrates their shared desire to strengthen Mantero Seta’s development potential in a highly competitive environment,“ the press release states.
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Read also > Chanel’s acquisition of Italian shoe manufacturer Grey Mer: a win-win relationship?
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