Craftsmanship has become a hot topic in the fashion industry in recent years as luxury brands move to secure their supply chains and underscore the craft credentials that set them apart from more mass market propositions.
Birimian Ventures, a Cote d’Ivoire-based investment company launched last year to help African luxury and heritage brands grow their businesses, has partnered with the European private equity firm Trail Capital.
The Kering-owned brand’s next presentation, scheduled for May 21, will feature Spring/Summer 2023 womenswear and menswear, according to a company representative. Its last collection was shown in Paris just over one month ago.
The operator of South Korea’s online resale marketplace for limited-edition sneakers and streetwear said existing shareholders Musinsa, South Korea’s largest multi-brand online fashion retailer, and Dunamu participated in the investment round of 40 billion won.
Following reports that the brand is refusing to sell products to Russians abroad unless they agree not to wear or use them in their home country, some have taken to social media, cutting up Chanel handbags in protest.