News briefs
August 26, 2021
The launch of Pre-Order includes offerings from Dolce & Gabbana, Balenciaga, Oscar de la Renta and more. Image credit: Farfetch
By Luxury Daily News Service
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.
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