Chanel’s revenue and profit saw a double-digit increase last year, benefiting from higher prices and strong demand for its ready-to-wear and accessories.
Since 2019, Virginie Viard has been leading Chanel after the passing of Karl Lagerfeld. TheFashionSpot’s forum members have had mixed feelings about Viard, who started at Chanel as an intern in 1985. Her recent Cruise 2025 collection staged in Marsielle received some criticism, but Chanel products continued to sell well, with revenue reaching $19.7 billion in 2023.
Revisit the Cruise 2025 Chanel collection below:
Read below the reactions of theFashionSpot’s forum members:
“Their brand is too strong. 16% increase in sales. Virginie Viard is never leaving.” [plentyofthorns]
“I AM LIVING FOR THAT SALES INCREASE. It made laugh so hard at the gym. This is the product that all these morons who are buying Chanel deserve.” [helmutnotdead]
“These clients are lemmings, every one of them…” [StylishCynic]
“I mean, Chanel is more than Virginie’s collections. And even if I’m not a fan of her clothes and accessories, their beauty and jewelry entities are still consistent.” [Lola701]
“Wow +16% in 2023 is CRAZY. And double digit growth in RTW? What are Chanel clients smoking?” [Creative]
Share your own thoughts on Chanel’s impressive revenue increase over on theFashionSpot forums, here.
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