Chanel is a luxury fashion brand that has been around for over a century. It was founded by Gabrielle “Coco” Chanel, who revolutionized the fashion industry with her elegant and timeless designs. But who is the present owner of Chanel?
The Early Days of Chanel
Before we get to the present day, let’s take a brief look at the history of Chanel. The brand was founded in 1909 by Coco Chanel in Paris, France. She started off by designing hats and later expanded into clothing, accessories, and fragrances.
Chanel quickly gained a following among high society and became known for her simple yet sophisticated designs. The brand’s iconic logo – two interlocking Cs – was introduced in the 1920s and has become synonymous with luxury fashion.
The Wertheimer Family Takes Over
In 1954, Coco Chanel returned to the fashion industry after a hiatus during World War II. She partnered with Pierre Wertheimer, who had helped finance her early ventures, to relaunch the brand.
The Wertheimer family became majority shareholders of Chanel and still own the company today. Alain Wertheimer and Gerard Wertheimer are currently co-owners of Chanel.
The Present Day
Under the ownership of the Wertheimer family, Chanel has continued to thrive as one of the world’s most iconic fashion brands. The company is estimated to be worth over $13 billion and has a presence in over 190 countries.
Chanel is known for its classic designs that have stood the test of time. The brand continues to innovate while staying true to its roots, offering everything from haute couture to ready-to-wear collections.
Conclusion
In conclusion, the present owner of Chanel is the Wertheimer family – specifically Alain Wertheimer and Gerard Wertheimer. The family has owned the company since the 1950s and has helped it become one of the most successful and iconic fashion brands in history. Chanel’s legacy continues to live on, thanks in part to the dedication and ownership of the Wertheimer family.