Company type | Private |
---|---|
Industry | Fashion |
Founded | 1910 Paris, France[1] |
Founders | Coco Chanel and Pierre Wertheimer |
Headquarters | 5 Barlow Place London, W1J 6DG United Kingdom 51°30′38″N 0°08′36″W / 51.51054°N 0.1432786°W |
Number of locations | 500+ boutiques[2] |
Area served | Worldwide |
Key people |
|
Products | |
Revenue | US$19.7 billion (2023)[2] |
6,407,000,000 United States dollar (2023) | |
US$4.0 billion (2021)[2] | |
Owners | |
Number of employees | 32,000[2] (aug 2024) |
Website | www |
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]
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