The Group expects turnover to return to pre-COVID-19 levels in 2023, thanks to investments in products and customer relationships.

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.

Hind expands its business portfolio to the textile industry through this transaction.

This investment will be used to accelerate ByBorre’s international growth in key markets such as the US, Northern Europe, and Italy, further establishing its position as a leading platform for sustainable textiles.

Founded by Constanza Gomez and Agustina Mir, Sortile is based on fiber recycling and transparency and is committed to diverting textile waste from landfills through the identification, traceability, and recycling of textiles.