La Conceria is reporting that an agreement has been reached after rumours about the deal and Conceria Gaiera, founded in 1946, is entering Chanel’s ecosystem. According to a statement, Gaiera can “count on a solid partner with long-term vision".

The agreement will not change the organizational structure of the tannery, as it will continue to be led by Chicca Miramonti and Raffaele Mosconi; the tannery is keeping its existing clients.

A year ago, Chanel bought Tuscany-based tannery Samanta, specialised in printed leather. These deals will contribute to increasing Chanel's control over the supply chain, and follows previous acquisitions: in September 2018, 100% ownership of Spanish Colomer Leather Group, focused on ovine leather; in 2016, 50% of Mégisserie Richard, specialized in lamb hides; Bodin Joyeux was bought in 2013; in 2012 Chanel bought glove manufacturer Gausse, and took control of French tannery Tanneries Haas.