Bridging Foes, Blessing Ties: Riyadh’s role in Indo-Pak peace

Who would have thought when Pakistan first announced its nuclear success that this...

Zelenskyy warns the UN that the AI arms race is already here

UNITED NATIONS: Volodymyr Zelenskyy arrived at the green marble rostrum with the cadence...

Trump’s Tylenol scare in pregnancy falls apart under scrutiny

Global health agencies moved to calm a storm of anxiety among pregnant women...

Google and Qualcomm put Windows on notice with an Android PC plan

MAUI, Hawaii — On a warm evening above the Pacific, Google and Qualcomm...

In the year of inflation, Chanel achieved record sales in 2022

-Advertisement-

Chanel’s chief financial officer, Philippe Blondieu, announced that the company “again delivered strong financial results in 2022, and double-digit growth across all categories” of its products.

The company, founded by Coco Chanel, was able to achieve a sales volume of $17.2 billion in 2022, an increase of 10.1% on an annual basis, and these figures exceeded 2019 levels, c i.e. before the Covid-19 epidemic. , in all markets.

Looking to 2023, Blondieu expressed confidence in the company’s ability to deliver “sustainable and healthy growth despite market uncertainty.”

Owned by the Wertheimer brothers, Chanel remains one of the few fashion and beauty brands to remain independent.

Last year, the group increased its workforce by 12%, while increasing the number of its employees to more than 32,000 worldwide.

Read the Latest World News Today on The Eastern Herald.

More

Show your support if you like our work.

Author

Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Comments

-Advertisement-

Editor's Picks

Trending Stories

Discover more from The Eastern Herald

Subscribe now to keep reading and get access to the full archive.

Continue reading