mo4ch:>Chanel lifts the veil on its profits for the first time
Chanel lifts the veil on its profits for the first time
Chanel lifts the veil on its profits for the first time
21 June 2018
Image copyright
Reuters
Luxury fashion house Chanel has revealed its profit figures for the first time. The private French business, famous for its perfumes, jackets and handbags, says it made $1.79bn (£1.35bn) last year, up 18% on the year before, on sales up 11% at almost $10bn.Chanel said its motive for unveiling the figures was to show its strength. They confirm the label, one of the world's best-established and best-known, is among the world's biggest.Its biggest rivals, such as Louis Vuitton owner LVMH and Hermes, are all listed on the stock market and therefore have to publish their figures regularly.
Chanel said its move in making its figures public did not mean it planned to join them.Its chief financial officer, Philippe Blondiaux, told the Reuters news agency: "It's exactly the opposite - this financial statement shows that we are amazingl…
Chanel lifts the veil on its profits for the first time
21 June 2018
Image copyright
Reuters
Luxury fashion house Chanel has revealed its profit figures for the first time. The private French business, famous for its perfumes, jackets and handbags, says it made $1.79bn (£1.35bn) last year, up 18% on the year before, on sales up 11% at almost $10bn.Chanel said its motive for unveiling the figures was to show its strength. They confirm the label, one of the world's best-established and best-known, is among the world's biggest.Its biggest rivals, such as Louis Vuitton owner LVMH and Hermes, are all listed on the stock market and therefore have to publish their figures regularly.
Chanel said its move in making its figures public did not mean it planned to join them.Its chief financial officer, Philippe Blondiaux, told the Reuters news agency: "It's exactly the opposite - this financial statement shows that we are amazingl…