Mantero Seta sold a minority stake to Chanel

This step is a natural extension of the relationship that has connected the two companies for over 50 years and demonstrates their shared desire to strengthen the development potential of Mantero Seta in a highly competitive environment.

Founded in Como in 1902, Mantero is a fourth-generation family business celebrated for its craftsmanship in the production of fabrics and accessories for the global fashion and luxury sector. A pillar of the Como textile district and the prestige of “Made in Italy,” the company is also known for its commitment to social and environmental responsibility through the Mantero Respect philosophy.

CHANEL, founded in the early 20th century, is one of the world’s leading luxury brands, active in fashion (haute couture and ready-to-wear), perfumery and cosmetics, and watches and jewellery. The company is privately owned by the Wertheimer family, descendants of one of Coco Chanel’s first partners, and operates in around 70 countries with revenues of approximately EUR 20 billion.

The Mantero family will continue to hold the majority of Mantero Seta and will lead the company with its management team, maintaining the same values as always, shared by CHANEL.

The acquisition reflects Chanel’s approach of partnering with its historic suppliers and builds on a relationship with Mantero that spans over 50 years. It also signals a shared commitment to enhancing Mantero’s development in an increasingly competitive global market.

“The deal represents an exciting accelerator for the development of investment and acquisition paths already initiated in recent years, as well as an important opportunity to refine our interpretation of customer needs thanks to an enhanced ability to understand and communicate, which will derive from a closer and more direct contact with the dynamics of the luxury and fashion world. An opportunity to be even more effective in pushing forward the new frontiers of our sector with renewed vigor.” — Franco Mantero, President of Mantero

Mantero was assisted as financial advisor by the Mid Cap Advisory team of EQUITA – the Italian partner of Clairfield International, and by PedersoliGattai law firm for the legal aspects of the deal. CHANEL was advised by Dentons for the legal aspects.