# 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.

- Type: Acquisition
- Announced: 2023-05-23
- Where: Italy
- Status: completed
- Products: wool yarn, cashmere yarn
- 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

- [vogue.com](https://www.vogue.com/article/chanel-and-brunello-cucinelli-take-joint-stake-in-cariaggi-lanificio), 2023-05-23: "Preservation of know-how, commitment to exceptional quality and product sustainability are common priorities for both [Chanel and Brunello Cucinelli]."
- [businessoffashion.com](https://www.businessoffashion.com/news/luxury/chanel-and-brunello-cucinelli-to-take-stake-in-italian-yarn-manufacturer/), 2023-05-24: "Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio."

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