CHANEL AC­QUIRES MI­NOR­ITY STAKE IN MONTRES JOURNE

AugustMan (Malaysia) - - Special Feature -

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.

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