If you’re a fan of fashion, then chances are you’ve heard of Chanel – one of the most iconic and recognizable luxury brands in the world. From its classic tweed suits to its timeless quilted handbags, Chanel has become synonymous with elegance and sophistication.
But have you ever wondered who the owner of this prestigious brand is? In this article, we’ll take a closer look at the history of Chanel and its current ownership.
The History of Chanel
Chanel was founded by Gabrielle “Coco” Chanel in 1909. Born into poverty, Chanel rose to become one of the most influential fashion designers of the 20th century. She revolutionized women’s fashion by introducing comfortable and practical clothing that allowed women to move freely, without being constrained by corsets or tight-fitting dresses.
Chanel’s designs were also marked by their simplicity and elegance. She favored clean lines, neutral colors, and high-quality fabrics such as silk, tweed, and jersey. In addition to clothing, Chanel also created signature accessories such as her famous quilted handbag with a chain strap.
The Ownership of Chanel
After Coco Chanel’s death in 1971, ownership of the company passed on to her longtime business partner Pierre Wertheimer and his family. The Wertheimers had helped finance Chanel’s early years in business and had assisted her in securing trademarks for her brand.
Today, ownership of Chanel is split between two companies: Alain Wertheimer (Pierre Wertheimer’s grandson) owns 50% through his company Gérard Wertheimer et Cie., while his brother Gerard owns the remaining 50%. The Wertheimer family has remained committed to preserving Coco Chanel’s legacy while also expanding the brand into new markets.
Conclusion
In conclusion, while Coco Chanel may have been the creative force behind her eponymous brand, it is the Wertheimer family that now owns and operates Chanel. With their ongoing commitment to quality and innovation, the future of this iconic fashion house looks bright. Whether you’re a fashion enthusiast or simply appreciate timeless style, Chanel is a brand that is sure to continue captivating audiences for years to come.