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Chanel, Farfetch, Nordstrom and Condé Nast

The launch of Pre-Order includes offerings from Dolce & Gabbana, Balenciaga, Oscar de la Renta and more. Image credit: Farfetch

 

Luxury Daily’s live news for Aug. 25:

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