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 still owns a landmark store at 8, Place de l’Opera together with over 80 more boutiques all over the world.