Fashion house Chanel parades its independence as profits rise
Company estimated to be worth €100bn says it is not for sale
17 June 2019 - 19:39
Paris — Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.
The French fashion house, known for its tweed suits and quilted handbags, said its 2018 revenues rose 12.5% to $11.12bn, while net profits climbed 16.4% to $2.17bn...
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