Chanel keeps investing in high-end providers

Monday, 02 June 2014

Maison Chanel keeps investing in securing first class providers. The French fashion house has acquired a 70 percent stake in Jean-François Lesage SAS, which owns the India-based embroidery atelier Vastrakala, through its participated Maison Lesage.

"This acquisition will enable Lesage and Vastrakala to successfully continue their long-standing cooperation based on a common passion: the art of hand embroidery," said in an interview Bruno Pavlovsky, Chanel's fashion president.

Maison Lesage was bought by Chanel in 2002, and has been the investment vehicle of choice for the French company to acquire a 70 percent stake in Jean -François Lesage (SAS company which belongs to the son of Francois Lesage former owner of Maison Lesage).

It is owned by the Maison Chanel and has worked with the likes of Chanel, Yves Saint Laurent, Saint Laurent, Vionnet, Dior or Christian Lacroix.

Vastrakala was founded in 1999 and employs 174 embroiderers. The company has leveraged its artisanal work and expert craftsmanship to many ready-to-wear and accessory lines, including Chanel.

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