# Chanel and Brunello Cucinelli acquire stakes in Cariaggi Lanificio

Chanel and Brunello Cucinelli each acquired a 24.5% stake in Italian cashmere manufacturer Cariaggi Lanificio SpA. The Cariaggi family retains 51% control.

- Type: Acquisition
- Announced: 2019-09-03
- Where: Cagli, Marche region, Italy
- Status: completed
- Products: cashmere yarn, knitting yarn, precious fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Chanel](https://endata.com/companies/4424.md) (acquirer)
- [Brunello Cucinelli](https://endata.com/companies/41802.md) (acquirer)
- [Cariaggi Lanificio SpA](https://endata.com/companies/41803.md) (target)

## Sources

- [wwd.com](https://wwd.com/business-news/mergers-acquisitions/chanel-partners-brunello-cucinelli-cariaggi-acquisition-1235661249/), 2019-09-03: "the Cariaggi family will retain control of the namesake company with 51 percent of the shares, while Brunello Cucinelli and Chanel will each have a 24.5 percent stake."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.