Chanel news and archive

In times of crisis, luxury brands turn to the new guard of designers

Matthieu Blazy at Chanel, Jonathan Anderson at Dior and Demna at Gucci: luxury’s leading brands turned to the creativity of relatively low-key designers in their forties to address the economic challenges facing the sector. Following months of speculation and his arrival at Dior Homme, forty-year-old Jonathan Anderson was appointed creative...

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Chanel charts a new course amid luxury sector slowdown

Chanel, long seen as a bellwether of the global luxury market, reported a 4.5 per cent decline in sales for 2024, falling to 18.7bn dollars, as economic pressures and shifting consumer behaviour weighed on the industry. Operating profit fell more sharply, down 28.2 per cent to 4.5bn dollars, according to results released on Tuesday. The downturn...

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Environmental objectives of luxury groups: Who is aiming for what?

By 2040, Chanel is expected to achieve net-zero greenhouse gas emissions across its entire value chain. With this goal, the company aligns itself with the Paris Agreement signed in 2015, which aims in particular to keep global warming well below 2°C compared to pre-industrial levels by 2100. But what about the other luxury giants? FashionUnited...

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Shein reigns supreme, taking the lead apparel market share in 2024 amidst a tough economy

Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...

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Chanel plays with proportions as Paris Fashion Week wraps up

Chanel presented its Fall-Winter collection on the last day of Paris Women's Fashion Week on Tuesday, playing with proportions and layering in a show designed without incoming artistic director Matthieu Blazy. Staged in the Grand Palais exhibition hall in central Paris, the catwalk presentation featured a monumental black ribbon that spiralled...

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Chanel acquires 20 percent stake in Leo France

French fashion house Chanel has acquired a 20 percent in Florentine label Leo France SpA, a company specialising in the production of costume jewellery and metal accessories. The acquisition pertains to Leo France's capital, according to corporate records, 20 percent of which is now held by the French luxury house. In 2023, Leo France reported a...

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Haute Couture SS25: A return to the tried and tested and a debut at Valentino

In Paris this week, fashion houses relied on proven formulas, striving for light, feminine collections. Brands like Chanel emphasised their visual codes, while others, such as Dior and Schiaparelli, also played with classic silhouettes. Only the Couture Week debutantes dared to experiment. Established codes As the oldest, still active couture...

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Chanel unveils light and colourful haute couture collection

French fashion house Chanel unveiled a light and colourful Spring-Summer 2025 haute couture collection on Tuesday in Paris, crafted by its creative studio rather than new artistic director Matthieu Blazy. Celebrities including Kylie Jenner and Pamela Anderson watched the show at the Grand Palais, a vast glass-roofed exhibition space where models...

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2025: A year of challenges for the luxury sector

Paris - A slow-to-recover Chinese market, the risk of new American taxes, and "weary" consumers: the luxury industry faces significant challenges in 2025, following a 2024 already disrupted by slowing consumption. The heady post-Covid years, when luxury groups recorded insolent double-digit growth, seem a distant memory. Major groups like Hermè...

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Chanel cuts 70 jobs across US workforce

Luxury fashion giant Chanel is cutting 70 jobs in the US, representing about 2.5 percent of its workforce in the region, according to a report initially made by online publication Puck News and later confirmed by Bloomberg. The decision to reduce its workforce is intended to curb expenses and help the company “better adapt to current economic...

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Chanel appoints three new directors amid exec shift

French luxury brand Chanel has appointed three new directors amid an ongoing shift of its executive team, filings with the UK’s Companies House have shown. Simone Bagel-Trah is among the two appointments. The German businesswoman has served on the supervisory board of Henkel AG & Co. since 2001, and from 2009 became chairman of the chemical and...

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Fashion’s finest honoured in New Year List: A celebration of innovation and sustainability

The New Year Honours list, unveiled this week, spotlights luminaries from the fashion and retail world, celebrating a spectrum of achievements spanning business acumen and sustainability-driven innovation. The annual tradition, designed to commend extraordinary contributions to society, has resonated deeply within the fashion sector this year,...