Chanel’s Capital Expenditure to Reach $1.3B: Where Will the Money Go?

5月 31, 2023

Recently, French luxury powerhouse Chanel announced its financial performance for 2022, with sales revenue reaching a record-breaking $17.22 billion, a 17% year-on-year increase. All product categories achieved extraordinary double-digit growth.
Chanel’s newly appointed CEO, Leena Nair, and CFO, Philippe Blondiaux, spoke to overseas media after the release of the financial data. They revealed that the group plans to double its global capital expenditure to approximately $1.3 billion in 2023. The main areas of investment include:
1. London Headquarters: Chanel intends to invest i …