Chanel Releases Annual Financial Report, CEO Denies IPO Rumors and Expresses Optimism for 2023 Outlook

5月 29, 2023

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 …