Reported about 2 months ago
Chanel has purchased a 25% stake in Swiss watchmaker MB&F, known for its unique designs inspired by retro-futurism and nature. This acquisition is part of Chanel's strategy to enhance its watch-making presence. MB&F, founded in 2005, reported sales of 45.4 million Swiss francs in 2023, producing exclusive watches that often come with long waiting lists. The deal will allow MB&F to maintain its independence while benefiting from Chanel's extensive resources.
Source: YAHOO