The Luxury Group confirms an Italian tannery take-over
Chanel, one of the members of the Luxury Group, confirmed the acquisition of share in Conceria Samanta (Ponte a Egola, Tuscany, Italy) which specializes in leather printing and stamping.
The Samanta product range includes cow leathers with a wide range of animal and reptile prints, and it has been a supplier for Chanel for some time. At the end of 2018, Chanel announced that it would stop using exotic leathers in its leathergoods. By using Samanta's printed cow leathers Chanel may continue the production of many popular articles without using exotic leathers.
Chanel says that it will work closely with Conceria Samanta developing the business. Meantime, Samanta will continue to supply leather to other customers. The scale and amount of Chanel's investment in Conceria Samanta was not made public.
This is Chanel’s fourth investment in its leather supply chain in recent years after purchasing a 100% stake in the Catalan manufacturer Colomer in 2018 and acquiring of two French tanneries Bodin Joyeux in 2013 and Mégisserie Richard in 2016.