Does Chanel Own Any Other Companies?

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Does Chanel Own Any Other Companies?

Chanel is a luxury fashion brand that has been around for over a century. Known for its iconic perfume, couture clothing, and high-end accessories, Chanel has become a household name. However, many people are not aware that Chanel also owns several other companies.

Chanel’s History

Founded in 1909 by Gabrielle “Coco” Chanel, the company started as a millinery shop in Paris. It quickly gained popularity among the French high society and expanded its offerings to include clothing, handbags, and jewelry. Today, Chanel is one of the most recognized luxury brands in the world.

Chanel’s Ownership Structure

Chanel is privately owned by the Wertheimer family. Alain Wertheimer and Gerard Wertheimer are the grandsons of Pierre Wertheimer, who co-founded the company with Coco Chanel in 1924. The Wertheimers own 100% of the company and have kept it independent from any public ownership or acquisition.

Other Companies Owned by Chanel

In addition to its eponymous brand, Chanel also owns several other companies that operate under its umbrella:

  • Maison Michel: A French hatmaker known for its signature berets and fedoras.
  • Barrie Knitwear: A Scottish cashmere knitwear manufacturer established in 1903.
  • Eres: A French lingerie and swimwear brand acquired by Chanel in 1996.
  • Bell & Ross: A Swiss luxury watchmaker that specializes in aviation-inspired timepieces acquired by Chanel in 2016.

Chanel’s Strategy for Acquiring Other Companies

Chanel’s strategy for acquiring other companies is to Target those that are in line with its brand values and aesthetics. The company seeks to diversify its offerings while maintaining its reputation for quality and luxury. By owning these other companies, Chanel can also control the entire production process, from sourcing materials to manufacturing and distribution.

Conclusion

Chanel may be known primarily for its fashion and accessories, but the company has expanded its reach through the acquisition of several other brands. From hats to lingerie to watches, Chanel’s portfolio of companies demonstrates the brand’s commitment to quality and luxury across a range of products.

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