Chanel to buy French tannery Degermann

FashionNetwork.com spoke to Degermann at the Lineapelle trade show held in Milan from October 2 to 4. The French company confirmed that negotiations are well under way, and Chanel is expected to finalise the deal and acquire a stake in Degermann by the end of 2019. Neither the value of the transaction nor the size of Chanel’s stake were disclosed. With this acquisition, Chanel will further s…

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