The last standing independent luxury brand is here to stay, despite the rumors.
Chanel has dominated the luxury market, gaining $11.1 billion in sales.
No time soon will they be preparing for an IPO, due to Karl Lagerfeld’s baby being the most desired brand.
Chanel saw double-digit growth in their ready-to-wear, fraganance, and leather goods departments and solid growth in their jewelry and watch markets.
Keeping the human interaction central Chanel refrains from selling their couture online.
What’s next for Chanel you might wonder… they plan to be “cautious and confident” with their future business strategies for the next 100 years.