Fashion house Chanel’s first published financial reporting

Дом моды Chanel впервые опубликовал финотчетность

The company’s net profit in 2017 amounted to $1.79 billion, the index rose by 18.6% in annual terms.

Fashion house Chanel for the first time in its 108-year history it has published full financial statements that have put him among the leaders among producers of goods of class “luxury”. As stated in the financial statements of the company, its net profit in 2017 amounted to $1.79 billion, the index rose by 18.6% in annual terms.

Revenue increased by 11.5%, to $9,62 billion Is more than the performance of Hermes and Gucci, but probably lower than at Louis Vuitton, says Dow Jones. Louis Vuitton included in the LVMH group, the revenues of which last year made up of 42.6 billion euros; the company does not give figures for individual brands, but analysts estimate the revenue Louis Vuitton in $11 billion.

In addition, it appeared that the accounts of the company there are funds in the amount of $2.2 billion, while its debt is relatively small.

“Our strong finances allow us to remain an independent company and focus on long-term development,” said chief financial officer Philippe Chanel Blondie.

Chanel was founded in 1910 when Gabrielle “Coco” Chanel opened her fashion store in Paris. The company now produces a wide range of products, from clothes and leather goods to perfume and watches. Clients were Chanel, many well-known personalities, including Jacqueline Kennedy and Elizabeth Taylor.

The company is owned by brothers Alain and Garuru Wertheimer, whose grandfather Pierre was a co-founder of the house of Chanel.

Previously, Chanel presented a futuristic collection.


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