• Must Read: Chanel Dismisses Sale Rumor as Revenue Surpasses $11 Billion, Tamara Mellon Raises $50 Million in Series C Funding

    4 monthes ago - By Fashionista

    These are the stories making headlines in fashion on Monday. Chanel dismisses sales rumor as revenue surpasses $11 billion Chanel's continued success has fueled talk that it could be valued at €40 to €50 billion. But Philippe Blondiaux, Chanel's global chief financial officer,...
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  • Chanel Quashes Sales Talk as Revenues Rise 10.5% in 2018

    Chanel Quashes Sales Talk as Revenues Rise 10.5% in 2018

    4 monthes ago - By WWD

    PARIS - Chanel posted solid growth in revenues and profitability in 2018 and more than doubled its investments, signaling its commitment to a long-term strategy that excludes any possibility of a sale or initial public offering, the company said on Monday.
    The maker of quilted handbags and No. 5 perfume reported revenues totaled $11.12 billion last year, up 10.5 percent at comparable rates, driven by strong double-digit growth in the Asia-Pacific region - again placing Chanel neck-and-neck with Louis Vuitton as the world's biggest luxury brand.
    Rumors that Chanel may be considering a sale...
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