We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Dec 5, 20249:24pm

Chanel to invest in an ‘eco’ silk start-up

The French company has acquired a minority stake in Evolved by Nature, a chemical company that has developed an organic silk.

Jun 11, 2019 — 1:00pm
MDS
Related topics
Save

Chanel to invest in an 'eco' silk start-up

 

Chanel reinforces in sustainability. The group, controlled by the Wertheimer brothers, has acquired a minority stake in the start up Evolved by Nature.

 
The company has developed Activated Silk, a silk treated chemically but in an ecological way. Among its multiple functions, the silk for which Chanel has bet allows a better absorption of moisture and faster drying.
 
"This collaboration will allow Chanel to explore with innovative material for the reinforcement of different fabrics, in line with our ambition of creating materials of a unique quality," said the French company in a statement.
 
The ecological silk is not the first bet of the company with innovation purposes. Last year, Chanel acquired a minority stake in the luxury ecommerce platform Farfetch, with the aim of creating digital initiatives to improve the customer experience in all areas of Chanel's business.


In 2018, Chanel communicated its annual results for the first time. The company closed 2017 with a growth of 11%, remaining very close to 10 billion dollars. The operating profit of the French company, for its part, was 2,690 million dollars (2,323 million euros)

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...