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Chanel strengthens its production network across the board in Italy

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Chanel is working hard on all fronts to strengthen its production network. This is illustrated by the growing number of operations carried out in recent years, particularly in Italy, considered to be Europe’s luxury factory, where the group is now present in around twenty production units. After recently acquiring a 35% stake in Mantero Seta, the historic weaver and manufacturer of silk accessories in Como, the French luxury house has now invested in the Conceria Nuova Impala tannery via a minority holding, which is estimated at 20%.

Many of Chanel’s products are produced in its network of Italian manufacturers. – ©Launchmetrics/spotlight

“Chanel continues to secure its supply chain in France and Italy, by directly or indirectly supporting historical partners of the house. This includes acquiring stakes in companies recognised for their expertise and know-how, such as Nuova Impala, a tannery with which we have collaborated for over ten years and of which we have been a minority shareholder since the end of 2024,” the label told Fashionnetwork.com, while highlighting that “in line with Chanel’s strategy for this type of operation, these companies will continue their collaboration with all of their customers”.

The tannery was founded in 1958 by the Caponi and Vannucci families in Santa Croce sull’Arno, near Pisa. Specialising in calf leathers for the footwear and leather goods categories, it has developed expertise in the art of tanning, while innovating to meet market evolutions, especially in terms of environmental and ethical standards. The company employs 37 people and achieved sales of 22.2 million euros in 2024, with a net profit of 1.17 million euros.

In a very high-end market, driven mainly by leather goods accessories, including bags that have reached astronomical prices, Chanel is understandably keen to consolidate its leather production capacities. In particular, it has consolidated this sector in Italy and France. Firstly, through the acquisition in 2019 of the Italian tannery Samanta, specialising in printed and embossed leathers, then in 2020 through the acquisition of Conceria Gaiera Giovanni, its supplier for smooth and supple leathers, in which it acquired a 100% stake in 2024.

The brand has also invested in Blupell, a Veneto-based company specialising in hide treatment and dyeing, and last year acquired a stake in the Lombardy-based tannery Co.Fa srl, according to a Chanel Limited Group document detailing the entities present in its scope in 2024.

Meanwhile, in 2023, Alsatian tanneries Haas, acquired by the luxury house in 2018, and leather wholesaler Campelli, also present in its brand universe, became majority shareholders in Volfoni tannery, the company told us. Volfoni is the joint venture resulting from this merger with Volpi Concerie, a specialist in vegetable tanning located near Pisa.

Chanel recently acquired a stake in the Nuova Impala tannery - DR
Chanel recently acquired a stake in the Nuova Impala tannery – DR

“We also support the members of our ecosystem of factories in securing their own network and production capacities,” stressed the rue Cambon brand. In addition to the creation of the Volfoni tannery, this type of consolidation has also taken place in the knitwear sector.

Paima hosiery, owned by Chanel since 2021, “took a majority stake in Samo Cotton hosiery”. This hosiery, acquired in 2024, is located, like Paima, near Ancona in the Marche region.

Similarly, in the footwear segment, the Group pointed out that Roveda, the company specialising in high-end women’s footwear that it acquired in 2000, “has strengthened its expertise in the manufacturing of uppers thanks to the activities of Ibisco and Primula”, two companies created in 2023. Since Roveda became 100% owned by Chanel, this family-run business founded in 1955 in Parabiago, not far from Milan, has modernised and grown significantly, becoming a strategic entity for the French group, while continuing to supply other international labels.

Last year, Chanel, which also includes shoemakers Gensi Group, controlled by the French company since 2015 and which expanded its production site in 2024, and Nillab Manifatture (Calzaturificio Ballin), also took over the historic luxury shoe manufacturer Grey Mer, its supplier for thirteen years, based in San Mauro Pascoli, Emilia-Romagna.

In the leather goods sector, the label invested in Lombardy-based Renato Corti in 2019 as well as in Mabi International, a producer of leather bags and accessories with two factories in Veneto and one in Tuscany, in whose capital it took a 100% stake in 2023.

In addition, the group has interests in other sectors. In 2022, for example, Chanel acquired 60% of jeans specialist FashionArt, and in 2023 took a minority stake in Marche cashmere spinning mill Cariaggi Lanificio. In 2020, it had already acquired the Piedmont-based producer of fancy wool yarns Vimar 1991, invaluable to the creation of its signature tweeds. In silk, beyond Mantero Seta, it has also secured the services of Como-based weaver Biseta, in which it acquired a 100% stake last year. Finally, in early 2025, it took a minority stake in Tuscan costume jewellery and metal accessories specialist Leo France.

The Group has been present in Italy since 1986, and at December 31, 2024 counted twenty-nine subsidiaries in the country, active not only in manufacturing, but also in sales, marketing, distribution and logistics, employing over 2,500 people.

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Hermès reclaims top spot for bag resale value retention in 2025, according to Rebag report

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December 15, 2025

Rebag’s Clair report, which studies the value retention of bags on the resale firm’s platform, said Hermès has reclaimed the top position in 2025, reaching an average 138% value retention—a 38% year-over-year increase.

Rebag

The New York-based Rebag’s report also said that a ten-year analysis of Birkin data shows resale values have surged 92% since 2015,  outpacing Hermès’ own retail price growth of 43%.

Behind Hermès, Goyard logged 132% retention in 2025, up 28% from 2024; The Row recorded 97% value retention, while Miu Miu climbed to 104% average retention, according to the report.

In fine jewellery, Van Cleef & Arpels extended its lead, with 112% retention led by the Sweet Alhambra collection, while in the watches category, Rolex remained steady at 104%, with standout models like the Submariner Hulk reaching 244% of their original retail price. Comparatively, Cartier witnessed 87% retention.

Louis Vuitton x Takashi Murakami‘s return boosted search demand and pushed top styles above 130% resale value, the report added, while
renewed interest in Balenciaga‘s Le City, Celine‘s Phantom, and Chloé‘s Paddington saw an increased demand for early-2000s bags.

Rebag’s 2025 Clair Report, which analyses millions of data points across the primary and secondary markets to reveal the brands, styles, and investment opportunities shaping the luxury landscape, said that 
global tariff shifts and changing consumer behaviours have made 2025 a “defining year for luxury resale.”

“Higher primary prices pushed more consumers to the secondary market, reaffirming its stability. The 2025 Clair Report highlights the brands demonstrating lasting long-term value,” ​said Charles Gorra, CEO and founder of Rebag. 

In June, Rebag reported its launch on Luxury Stores at Amazon, bringing its pre-loved designer handbags, jewelry, watches, and more to the platform. 
 

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Lululemon CEO exit sparks hopes of reset at athleisure pioneer

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December 15, 2025

Lululemon Athletica’s CEO shake-up has put the spotlight on the once-dominant yoga pants maker’s race to wrest back younger and affluent shoppers from rivals and revive its sagging U.S. business.

Calvin McDonald – Reuters

Its shares, which have halved in value this year, rose 10% on Friday following the departure of CEO Calvin McDonald after about seven years in the role.

An athleisure pioneer known for its premium yoga apparel, Lululemon lost ground as newer rivals such as Alo Yoga and Vuori weaned away its core younger shoppers with trendier styles, marketing campaigns and celebrity partnerships.

Meanwhile, established players like Nike and Gap also entered the market with lower-priced styles.

Lululemon “caught the perfect wave in fashion, becoming the trend for the last five years,” said Brian Mulberry, senior client portfolio manager at Zacks Investment Management.

“But as its core customers graduate college and face tighter budgets, affordability is a challenge and a new outfit at Lulu can cost as much as a month’s groceries.”

Lululemon sells a range of yoga, running and training apparel such as Align yoga pants priced at $108 and men’s joggers at $128.

The slow refresh to core styles and product missteps, such as its decision to pull its $98 “Breezethrough” leggings from shelves last year, have led to heavy discounting to clear aged inventory.

At an earnings call late on Thursday, company executives said the board is “focused on a leader with experience and growth and transformation”.

“It’s understandable to think that a strategic overhaul with a new leader at the helm will be a positive, but this opens the door to more questions as to what direction the board will go with a replacement,” said Jay Woods, chief market strategist at Freedom Capital Markets.

Lululemon is the latest global consumer company facing leadership churn as macroeconomic uncertainty fuels increasingly divergent spending patterns.

Lululemon is making efforts to speed up product development, launch fresh styles and drive company-wide efficiencies to offset cost inflation and protect margins.

The company beat third-quarter results, lifted by strong China sales, but issued a weaker-than-expected holiday forecast as higher promotions and increased spending on marketing weigh on margins.

Founder Chip Wilson, who is also Lululemon’s largest independent shareholder, in a statement on Friday slammed the board for “poor succession planning” and value erosion.

He called for an urgent CEO search led by new, independent directors with deep company knowledge to restore a product-first focus.
Lululemon did not immediately respond to a Reuters request for comment on Wilson’s statement.

The company’s forward price-to-earnings multiple, a common benchmark for valuing stocks, is 14.66, compared to 31.26 for Nike and Abercrombie & Fitch‘s ratio of 10.8, according to LSEG data.

“The main challenge I foresee for the new leadership is not how consumers see Lulu, but how does it see itself?” said Mulberry.
 

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Alberto Tomba named Ferragamo’s new brand ambassador

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December 15, 2025

Ferragamo appoints Alberto Tomba as a brand ambassador. The collaboration with the Italian skiing legend celebrates values shared by the Florentine fashion house: dedication, perseverance, resilience and attention to detail.

Alberto Tomba

Born in 1966, Tomba is the quintessential emblem of an Italy that invests in talent, commitment and the ability to push beyond one’s limits. His career is marked by major international successes, including three Olympic gold medals and two silver medals, two World Championship gold medals and two bronze medals, and 50 World Cup victories.

The Bologna-born skier is also the only athlete to have won races in 11 consecutive seasons (1987-1998) and to have claimed four World Cup discipline titles in giant slalom and four in slalom.

“Tomba’s sporting journey perfectly reflects Ferragamo’s philosophy: every achievement comes from sacrifice, every result from dedication. We share with him a deep sense of authenticity and a love of excellence, values that continue to inspire our daily work,” said Leonardo Ferragamo.

“Being chosen by Ferragamo is an honour,” Tomba commented. “I have always believed that sport and style share a common language: that of passion, rigour and the desire to improve every day. Representing a brand that embodies all this, and that brings Italian beauty and craftsmanship to the world, is a source of great pride.”

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