CHANEL ACQUIRES MINORITY STAKE IN MONTRES JOURNE
Chanel has acquired a 20% stake in Montres Journe, the company behind independent watch brand F.P. Journe that its eponymous founder established in 1982. According to Chanel, things will remain status quo at Montres Journe, which will continue producing F.P. Journe timepieces in limited quantities of around 900 a year. Chanel’s move echoes its previous investments into Bell & Ross (1998) and Romain Gauthier (2011) ‒ it’s status quo for these brands, while the maison gains access to in-house component and/or complications suppliers. With this acquisition, the brand is now even better positioned to continue its high watchmaking activities, so expect more in-house calibres and complicated timepieces from Chanel in the years ahead.