Chanel, the epitome of luxury, has acquired a coveted share of Cariaggi Lanificio, the illustrious knitting yarn maestro celebrated for their mastery of cashmere and fine wools. Under the terms of this accord, the Cariaggi family shall retain the reins of their namesake empire, graciously holding 51% of the cherished shares. Within the arrangement, both Brunello Cucinelli S.p.A. and Chanel shall each revel in a 24.5% stake, joining hands to etch their indelible mark on the tapestry of Cariaggi Lanificio’s future.
Brunello Cucinelli, Executive Chairman and Creative Director of casa Brunello Cucinelli, said “I am particularly happy on this day of truly historic importance. The agreement we have reached represents a splendid diadem that will enhance the value of the entire Italian supply chain, enormously pleased by the fact that a Maison of absolute excellence in global fashion like Chanel has chosen to invest in Made in Italy by sharing with us the beautiful Cariaggi wool mill project. I therefore consider it a joyful day of celebration, which we believe will be followed by years full of great achievements by virtue of this very, very special collaboration. This agreement, I am certain, will constitute for all of us the best possible leaven for magnificent growth as humans, not just professionals, over the coming decades.”