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Saturday, February 8, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

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

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.

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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.

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