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Announced

Chanel acquired a stake in Italian tannery Samanta.

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Sources

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tannery

Italy

Clothing and Accessories

Acquisition

Private

Synopsis

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Chanel, a high fashion house that specializes in haute couture and ready-to-wear clothes, luxury goods, and fashion accessories, acquired a stake in Italian tannery Samanta, a specialist in printed leather, as it continues to secure its supply chain in the face of a growing shortage of high-quality leather. Financial details of the deal were not disclosed.

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