Chanel and Brunello Cucinelli acquire minority stake in Cariaggi Lanificio

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

“Preservation of know-how, commitment to exceptional quality and product sustainability are common priorities for both [Chanel and Brunello Cucinelli].”vogue.com

• 2 sources
• vogue.comChanel and Brunello Cucinelli take joint stake in Cariaggi Lanificio | VogueEzreen BenissanMay 23, 2023
• businessoffashion.comChanel and Brunello Cucinelli to Take Stake in Italian Yarn Manufacturer | BoFJoan KennedyMay 24, 2023

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