PARIS – French lacemaker Sophie Hallette’s parent company Groupe Holesco, in which Chanel took a minority investment in April, has acquired 100 percent of fellow French firm Dentelles MC.
Holesco already owned 50 percent of Dentelles MC, a Leavers specialist whose high-end lace has the label Dentelle de Calais-Caudry. The company, founded in 1924, employs 20 people and generates a large portion of its revenues from the export market.
The new investment comes after Groupe Holesco in April won the bidding to acquire Codentel, an ailing industrial lacemaker that entered receivership in December. A Chinese firm was among the other bidders. The same player won the battle for another ailing lacemaker, Desseilles, against Groupe Holesco, in March.
Sophie Hallette chief executive officer and Holesco president Romain Lescroart said the investment in Dentelles MC contributes to the company’s aim “to perpetuate and develop the lace sector in France.”