LACEMAKING: Chanel has become a minority investor in French lacemaker Sophie Hallette’s parent company Groupe Holesco, according to Sophie Hallette chief executive officer and Holesco president Romain Lescroart.
“The partnership aims to perpetuate the historical lace sector — the pride of Calais and Caudry’s heritage,” Chanel said. “It also aims to maintain in France a unique know-how and the essential Leavers, these bicentennial machines that allow to create very high-end and labeled lace, which is crucial to meet the demand of haute couture and creation.”
The new partnership comes as Groupe Holesco is in the bidding to acquire compatriot Codentel, an ailing industrial lacemaker that entered receivership in December. A Chinese firm is among the other bidders, the same player that recently won the battle for another ailing lacemaker, Desseilles, against Groupe Holesco, following a French court’s ruling.
The next court hearing for the future of Codentel is due on Thursday. “The partnership coincides with the Codentel file but it’s a long-term strategic partnership for the future of lacemaking in Calais,” Lescroart said.