Chanel acquires 25% stake in MB&F, aligning with its strategy to partner with luxury specialists.

Luxury brand Chanel acquires a 25% stake in high-end watchmaker MB&F, aligning with its long-term strategy to partner with luxury specialists for preserving and developing expert 'savoir-faire'. Chanel's President of Watches & Fine Jewellery, Frédéric Grangié, states the partnership reflects Chanel's values of independence, creativity, and excellence. MB&F founder Maximilian Büsser retains 60% ownership, with Chanel's strategic investment ensuring stability and resilience.

August 22, 2024
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