Alongside Brunello Cucinelli, the French luxury house Chanel has announced that it has reached an agreement with Cariaggi Lanificio, an Italian cashmere manufacturer. The agreement includes the acquisition of a 24.5% minority stake in Carriagi.
Luxury houses Chanel and Bruno Cucinelli announced that they have acquired a 24.5% minority stake in Cariaggi Lanificio, a historic wool yarn manufacturer and cashmere specialist based in Cagli, Italy.
In 2022, Bruno Cucinelli had already acquired a 43% stake in Cariaggi for 15.05 million euros.
The agreement reached on Tuesday, May 23, provides for the transfer of 18.5% of its shares to Chanel, while the Cariaggi family has in turn transferred 6% of the capital.
Thus, Chanel and Brunello Cucinelli now share 49% of the capital equally, or 24.5% each. The Cariaggi family remains in the majority with 51%.
The parties have signed a long-term pact to regulate the corporate governance of Cariaggi Lanificio. According to this agreement, the control and management of the company will remain in the hands of the Cariaggi family. The amount of the transaction was not disclosed.
Faced with production and supply chain challenges, luxury companies are taking initiatives to strengthen their security investments in their supply chains to meet the growing demand for luxury products.
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