Lancel is a French Maison of luxury leather goods, founded in Paris in 1876 by Angèle and Alphonse Lancel and developed by their son Albert. It remained in the hands of the couple's descendants until it was acquired in the late 1970s by the Zorbibe brothers, who then launched the popular bucket-shaped Elsa bag under Chief Executive Sidney Toledano, now CEO of LVMH Fashion Group. The company is based in Paris, where it owns a landmark store at 8, Place de l’Opera, with over 80 more boutiques globally. In 1997, Swiss company Richemont, the world's third biggest luxury group which owns Cartier, Van Cleef & Arpels, Piaget, and Montblanc, acquired Lancel for 270 million euros ($375 million). and, in 2018, sold it to the Italian company Piquadro Group, specializing in leather goods and owner of the Florentine heritage brand The Bridge and the tech-design brand of travel and business accessories Piquadro. More information...
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