“If men’s fashion intends to assert its influence at the beginning of 2024, then the 105th Pitti Uomo has sent a very positive signal.”

In the Asia-Pacific market, revenue saw a remarkable 13% year-on-year growth, outperforming all other markets.

“Herno continues to evolve across the board: in addition to the new products introduced with this collection in various categories, it’s the company’s own organization, with the appointment of a new CEO, that is a driver of change.”

In this transaction, Chanel will acquire a total of 24.5% ownership in Cariaggi Lanifico, with 18.5% coming from Brunello Cucinelli and the remaining 6% from the Cariaggi family.

The company is consistently increasing investment in its design department, remaining committed to local production in Italy, and collaborating with textile education institutions to enhance artisanal textile craftsmanship.