Despite a drop in sales in 2024, the luxury group maintains its investments
The Chanel store on Avenue de la Toison d'Or in Brussels, Belgium, December 26, 2024. HATIM KAGHAT / AFP Chanel needs new blood. The company's 2024 annual results – which closed at the end of December and were released on Tuesday, May 10 – made that clear. The haute couture house, founded in 1910, saw its revenue tumble by 4.3% to €17.9 billion. "Following a period of exponential growth, in 2024 we saw challenging macroeconomic conditions," Chanel CEO Leena Nair told Le Monde. Sales had soared by 16% in 2023,...


