Chanel has acquired a minority stake in the Italian company Leo France, a Florentine specialist in costume jewelry and metal accessories for leather goods and ready-to-wear. It is thus continuing to consolidate its supply chain and preserve the French and Italian luxury sectors.
Chanel continues to consolidate its supply chain in Italy. The other “Made in” country for luxury, along with France…
The House on rue Cambon has just taken a minority stake (20%) in the Italian Leo France spa. Based in Florence, this family business specializes in the manufacture of costume jewelry and metal accessories for clothing, bags and other leather goods.
Generational transmission
The operation took place as part of a generational transition within the Pinzauti family. Lorenzo and Franca, who had founded the company in 1979, transferred their shares to their children, Leonardo and Francesca, both in their fifties. Their first names had inspired their parents to name the company, which had nothing French about it until Chanel came on the scene…
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Read also > Watchmaking: Chanel acquires stake in Swiss manufacturer MB&F
Featured photo: © Leo France
