CHANEL's asset
CHANEL

@chanel.com

CHANEL is provider of latest in fashion & accessories, eyewear, fragrance & beauty, fine jewelry and watches.

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About

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CHANEL, a renowned luxury fashion and beauty brand, originated in France and was founded by Gabrielle Coco Chanel in 1910. Chanel's headquarters are located in Neuilly-sur-Seine, a suburb of Paris. Chanel offers a wide range of products in the fashion, beauty, and accessories sectors. It is most famous for its clothing, haute couture collections, and iconic Chanel suits. The brand also offers accessories including handbags, shoes, and jewelry. Chanel's beauty line includes luxury makeup, skincare, and fragrances. Operating on a global scale, Chanel has a significant presence in the luxury market. It has established several noteworthy subsidiaries and partnerships. One such partnership is with the Swiss watchmaker, Audemars Piguet, to produce high-end timepieces. Chanel also acquired the luxury swimwear and resort wear brand, Orlebar Brown, in 2017. Chanel occupies a strong position in the market, competing with other luxury brands such as Gucci, Louis Vuitton, and Hermรจs. The company's global sales have maintained a steady growth trajectory. In 2019, Chanel reported revenues of approximately 12.3 billion euros, showcasing its strong market standing and customer demand for its products. Over the years, Chanel has witnessed significant achievements and events. Under the leadership of Karl Lagerfeld, who served as the creative director from 1983 until his passing in 2019, Chanel experienced remarkable success and expansion. Lagerfeld's visionary approach resulted in the modernization of the brand while maintaining its timeless legacy. The introduction of the Classic Flap Bag, Chanel No. 5 fragrance updates, and the reimagined 2.55 handbag are notable changes that contributed to Chanel's growth. Currently, Chanel is recognized as one of the most influential luxury fashion brands worldwide. The brand continues to innovate while staying true to its roots. It recently launched a new fragrance, Gabrielle Chanel Essence, and expanded its beauty line. Chanel remains synonymous with elegance, sophistication, and iconic style. Its commitment to craftsmanship and attention to detail solidify its status as a leader in the fashion and beauty industry.

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