France, United Kingdom
Is Chanel banking on Nevold upcycling platform to solve problem of unsold stock?

Touted by Chanel as its latest sustainable initiative, the creation of the new entity may also address the tricky issue of how to offload surplus stocks. The company denies this is the case. [...]

Published on 26/06/2025 at 05:00 GMT Reading time 3 minutes

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Houses

France, United Kingdom
Wertheimers hit the jackpot with record dividends

Chanel is no exception to the crisis gripping the luxury goods industry: the fashion house ended 2024 with a 4.3% contraction in revenues and a 28.2% fall in profits. Yet this slowdown did not affect the Wertheimer family, who received record dividends.

Subscribers only Families 05.06.2025

France, United Kingdom
Matthieu Blazy's contract with Chanel breaks with Virginie Viard era

To be able to recruit Matthieu Blazy as artistic director, Chanel had to accept a different kind of contract from the one it had been using since 2019.

Subscribers only Houses 24.04.2025

Front Row | United Kingdom
Kate Wylie gives Fondation Chanel a revamp

During the last three years, the former head of sustainability at the Mars confectionery group has totally restructured Chanel's philanthropic arm, which manages $200m worth of assets and distributes some €20m in grants per year.

Subscribers only Houses 17.04.2025

British national Kate Wylie has overhauled Chanel's philanthropic arm.

Spotlight | Europe, Tunisia
A Max Mara coat for €150: Tunis underground designer goods market brings European resellers flocking

The Tunisian factories that make clothes and accessories for Celine, Max Mara, Longchamp and others sell a percentage of their wares locally at rock-bottom prices. But some unscrupulous retailers are smuggling the goods into Europe and selling them second-hand with a high markup.

Subscribers only Entourage 10.04.2025

Discount designer goods are winding their way from Tunis to second-hand luxury sites in Europe.

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