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Close Topic OptionsChanel Acquires First Tannery To Secure Luxury Bag Supplies
- Movies, Music, Fashion, Sports - Posted: 9th Dec, 2013 - 2:30am
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Fashion Industry News
Post Date: 9th Dec, 2013 - 2:30am / Post ID: #
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Chanel Acquires First Tannery To Secure Luxury Bag Supplies
Chanel Acquires First Tannery To Secure Luxury Bag Supplies
By Astrid Wendlandt and Pascale Denis PARIS (Reuters) - Chanel has acquired its long-time lamb hide provider, the French tannery Bodin-Joyeux, in the latest purchase by a luxury brand of a partner that supplies top quality materials. Chanel, which belongs to the Wertheimer family, is the second biggest luxury brand in the world, behind Louis Vuitton and ahead of Ralph Lauren , with nearly 6 billion euros ($8 billion)in estimated annual sales. Like rival Hermes , Chanel has been buying up partners to guarantee long-term supplies and control quality, from plant growers for its Chanel No.5 perfume to embroiderers such as Lesage for its couture collections.
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TOPIC: Chanel Acquires First Tannery To Secure Luxury Bag Supplies