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Brunello Cucinelli buys 43 percent stake in cashmere supplier Cariaggi Lanificio

Luxury Italian brand Brunello Cucinelli has snapped up a 43 percent stake in cashmere supplier Cariaggi Lanificio. The transaction was valued at just over 15 million euros and was financed entirely by Brunello Cucinelli’s own means, the company announced to the Italian Stock Exchange on Wednesday. Cariaggi Lanificio was founded in 1958 and is...

Mar 16, 2022