Following the release of preliminary performance data in May, French luxury brand Chanel has recently unveiled the complete version of its 2022 annual report, spanning a comprehensive 138 pages that disclose further details about the brand’s strategy and company operations.
With the recovery of consumer markets worldwide and the return of tourists, the group achieved double-digit growth in all three categories: fashion, fragrance and beauty, and watches and fine jewelry. The sales revenue increased by 10.1% year-on-year, reaching a record-breaking $17.22 billion (up 17% on a com …