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Swiss Journal of Research in Business and Social Sciences

Women's clothing

Chanel Announces 2023 Revenue Increase to $19.7 Billion


Yesterday, it was described Chanel?s income and income amplified by double digits incredibly final 12 months as the storied French trend house benefited from higher rates and potent want for its fully prepared-to-use and extras.

Virginie Viard has been the resourceful drive powering Chanel offered that 2019, subsequent the passing of the late Karl Lagerfeld. To point out theFashionSpot?s forum prospects have encountered a definitely like/dislike connection with the French designer, who commenced her profession at Chanel as an intern for haute couture embroidery in 1985 would be an understatement. Viard?s most most current collection for Cruise 2025 was staged in the port city of Marsielle in Southern France, with discussion board member Frederic01 commenting: ?This is shockingly bad. Even by Virginie Viard?s standards. Emperor?s new apparel even though, this will offer like hotcakes!?. Chanel item was absolutely delivering like hotcakes all via 2023, with revenue increasing 16% to a staggering $19.7 billion. Evidently somebody is executing something appropriate.

Revisit the Cruise 2025 Chanel collection below:

Browse underneath the reactions of theFashionSpot?s forum members:

?Their brand name is too powerful. 16% improve in gross sales. Virginie Viard is hardly ever leaving.? [plentyofthorns]

?I AM Residing FOR THAT Revenue Increase. It made giggle so tricky at the fitness center. This is the solution that all these morons who are shopping for Chanel should have.? [helmutnotdead]

?These clientele are lemmings, each individual one of them?? [StylishCynic]

?I mean, Chanel is more than Virginie?s collections. And even if I?m not a fan of her outfits and extras, their beauty and jewelry entities are still steady.? [Lola701]

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?Wow +16% in 2023 is Ridiculous. And double digit progress in RTW? What are Chanel clients cigarette smoking?? [Creative]

Share your personal thoughts on Chanel?s outstanding revenue enhance in excess of on theFashionSpot message boards, listed right here.

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Sarah Parker is a research analyst and content contributor with a strong interest in business strategy, organizational behavior, and social development. With a background in sociology and public policy, she focuses on exploring the intersection between research and real-world application. Sarah regularly contributes articles that bridge academic insights and practical relevance, aiming to foster critical thinking and innovation across sectors.