TodayThursday, June 18, 2026

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

May 26, 2023

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.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

Leave a Reply