Chanel acquires minority stake in watchmaker Kenissi
By Marjorie van Elven
Jan 8, 2019
Chanel is looking to strengthen its position in the watchmaking market. The French fashion house has acquired a 20 percent stake in Kenissi, a Swiss company making small timepiece parts, Reuters reports. Kenissi joins a number of other watch companies in Chanel’s investment portfolio, which also includes Bell & Ross, Romain Gauthier, G&F Chatelain and F.P. Journe.
The first Chanel watches featuring Kenissi parts will be showcased at trade fair Baselworld, set to take place in March.