Business
Chanel acquires luxury shoemaker Ballin
French luxury house Chanel announced a strategic merger with one of its suppliers, acquiring a majority stake in Italian shoemaker Ballin. Founded in 1945 in Fiesso D’Artico, Ballin employs 200 people and subcontracts its products to several luxury houses while also marketing shoes under its own label. The move comes after Chanel’s earlier...
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