With a stake in MB&F, a leading independent watchmaker, Chanel has taken another significant step in strengthening its position in haute horlogerie.
Chanel announced today that it has taken a 25 per cent stake in MB&F, the luxury independent watchmaker celebrated for its avant-garde Horological Machines (HM) and Legacy Machines (LM) that push the boundaries of traditional watchmaking. Chanel calls it a strategic investment that demonstrates its desire to participate in the future of high-end watchmaking expertise, creation, and design.
The House of Coco Chanel has been building its haute horlogerie portfolio that already includes stakes in Romain Gauthier, F.P. Journe, and movement maker Kenissi. As early as 1987, Chanel invested in the G&F Châtelain manufacture in La Chaux-de-Fonds responsible for producing luxury ceramic watches like the Première and J12.
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“The announcement is part of our long-term strategy to continue to preserve, develop, and invest in specialist know-how and expertise, reaffirming our position in high-end watchmaking."