Editor
Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio. The Cariaggi family will remain in control of 51 percent of shares.
The move is the latest development in a deal launched in March 2022, when Cucinelli acquired a 43 percent stake in its longtime cashmere supplier, and represents a landmark tie-up between the two houses. Cucinelli will sell…
