Chanel

Chanel Ltd
Company typePrivate
IndustryFashion
Founded1910; 114 years ago (1910)
Paris, France[1]
FoundersCoco Chanel and Pierre Wertheimer
Headquarters5 Barlow Place London, W1J 6DG United Kingdom
51°30′38″N 0°08′36″W / 51.51054°N 0.1432786°W / 51.51054; -0.1432786
Number of locations
500+ boutiques[2]
Area served
Worldwide
Key people
Products
RevenueIncrease US$19.7 billion (2023)[2]
5,776,000,000 United States dollar (2022) Edit this on Wikidata
IncreaseUS$4.0 billion (2021)[2]
Owners
Number of employees
32,000[2] (aug 2024)
Websitechanel.com

Chanel (/ʃəˈnɛl/ shə-NEL, French: [ʃanɛl] ) is a luxury fashion house founded in 1910 by Coco Chanel in Paris. It is privately owned by French brothers, Alain and Gérard Wertheimer, through the holding company Chanel Limited, established in 2018 and headquartered in London.

Chanel specializes in women's ready-to-wear, luxury goods, and accessories and licenses its name and branding to Luxottica for eyewear.[3][4] Chanel is well known for its No. 5 perfume and "Chanel Suit".[5] Chanel is credited for revolutionizing haute couture and ready-to-wear by replacing structured, corseted silhouettes with more functional garments that women still found flattering.[6]

  1. ^ "Chanel lifts the veil on its profits for the first time". BBC News. 21 June 2018. Retrieved 21 February 2022.
  2. ^ a b c d Garnier, Juliette (25 May 2022). "Despite Chanel's record sales in 2021, the luxury sector is plunging back into uncertainty". Le Monde. Archived from the original on 8 July 2022.
  3. ^ Mira, Nicola (24 October 2019). "Luxottica renews eyewear licence contract with Chanel". Fashion Network. Retrieved 3 September 2022.
  4. ^ "Chanel". Fashion Model Directory. Archived from the original on 27 October 2010. Retrieved 19 June 2008.
  5. ^ "Gabrielle "Coco" Chanel (1883–1971) and the House of Chanel". Heilbrunn Timeline of Art History, The Metropolitan Museum of Art. New York. Archived from the original on 1 November 2016.
  6. ^ Cite error: The named reference ContemporaryFashion was invoked but never defined (see the help page).