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Apparel and accessories

Chanel acquires majority stake in knitwear brand

August 25, 2021

Chanel's logo is one of the most recognizable worldwide, and a standard-bearer for clean design. Image credit: Chanel Paima, a manufacturer specializing in knitwear and cashmere, has worked with Chanel for several decades. Image credit: Chanel

 

By Luxury Daily News Service

French fashion label Chanel has acquired a majority stake in Italian knitwear manufacturer Paima, which has served as one of its long-time suppliers.

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