Chanel

In 2021, luxury French fashion house Chanel recorded $15.6 billion in sales, according to figures it shared with Business of Fashion. The figure marks a 50% increase over its 2020 sales, and a 23% increase over its 2019 sales. The…

Hermes and Cartier were the first brands to announce such moves, shortly followed by Chanel, Kering, and LVMH.  Via a LinkedIn post, French fashion house Chanel said, "Given our increasing concerns about the current situation, the…

Luxury is arguably the industry that has undergone the most disruptive changes over the years. To operate successfully in the luxury universe calls for a new and nuanced understanding of how luxury is changing and how companies create…

In a statement, Chanel said that French billionaire Alain Wertheimer, who owns Chanel with his brother Gerard Wertheimer, would take on the role of global executive chairman.  Nair, 52, has 30 years of experience at Unilever. She has…

And although luxury brands have an advantage over fast-fashion retailers because their products are items that you’d keep in your collection for years to come, they shouldn’t ignore the growing trend towards sustainable and conscious…