Recently, French luxury brand Chanel released its annual performance data for 2022, reporting a record-breaking sales revenue of $17.22 billion, representing a 17% year-on-year growth.
Chanel stated that all product categories achieved extraordinary double-digit growth, particularly in leather goods and footwear. Price increases implemented by Chanel also played a significant role in driving the company’s revenue over the past year, contributing approximately 50% to the overall growth in 2022. Additionally, the recovery of the tourism industry post-pandemic also contributed to t …
