Chanel is one of the most iconic fashion brands in the world, known for its timeless designs and luxurious products. But have you ever wondered who is the owner of Chanel?
Well, the answer is a bit more complicated than you might think.
Chanel was founded by Gabrielle “Coco” Chanel in 1909. However, after her death in 1971, ownership of the company has changed hands several times.
In 1983, Chanel was acquired by a private company called Alain Wertheimer and Gérard Wertheimer. The brothers are grandsons of Pierre Wertheimer, who was an early business partner of Coco Chanel and helped finance the growth of her business.
Today, Alain Wertheimer and Gérard Wertheimer remain the owners of Chanel through their holding company called Chanel Limited. The brothers keep a low profile and rarely give interviews or make public appearances.
Despite being owned by private individuals, Chanel has become a global powerhouse with estimated revenues of over $10 billion per year. The brand continues to be a leader in high fashion and luxury goods.
If you’re interested in learning more about the history and legacy of Chanel, check out some of our other articles on this iconic brand.
Conclusion
In conclusion, while Gabrielle “Coco” Chanel may have been the founder of this iconic fashion brand, it is currently owned by Alain Wertheimer and Gérard Wertheimer through their holding company Chanel Limited. Despite changes in ownership over time, Chanel remains one of the most influential and beloved fashion brands in the world.