Lancel news and archive

Richemont completes sale of Lancel to Piquadro

Compagnie Financière Richemont SA has said in a media statement that it has completed the sale of its wholly-owned subsidiary, Lancel, a French luxury leather goods company, on June 2, 2018 to Piquadro S.p.A., an Italian leather goods group listed on the Milan Stock Exchange. The company added that this transaction will have no material impact...

Business

Richemont to sell Lancel to Piquadro

London - Luxury conglomerate Compagnie Financiere Richemont SA is currently in exclusive talks to sell struggling French label Lancel to high-end leather goods company Piquadro SpA. The Italian company confirmed that it had entered into exclusive negotiations with Richemont to acquire Lancel on Tuesday, issuing a statement to the Milan stock...

Design

Richemont unwilling to sell Lancel at low price

After luxury holding group Compagnie Financière Richemont reported that it had appointed investment bank Nomura to advise on the possible sale of leather goods business Lancel, Gary Saage, chief financial officier revealed that the company had decided against the impending sale. During a newswire call concerning the company’s provisional...

Fashion

Richemont appoints Nomura to search suitors for Lancel

Swiss luxury goods group Richemont (CFR.VX) is allegedly looking for a suitor for its leather articles brand Lancel. As main French media reported earlier this week, Richemont has appointed investment bank Nomura to advise on a possible sale of luxury leather goods brand. Richemont, that acquired Lancel in 1997 for 210 million euros, would be...

Design

Fabrizio Cardinali is Lancel CEO

French leather goods firm Lancel has named Fabrizio Cardinali its new CEO, effective October 1. Lancel is owned by Richemont Fashion and Accessories. Cardinali, 43, previously worked as sales and marketing director for Dolce & Gabbana, after working as D&G’s Worldwide Director for six years. Prior to that, Cardinali held a number of senior...