Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Chanel Owners Pocket $5B Windfall On Post-Pandemic Boom: Bloomberg

Chanel Cayman Islands Luxury
  • French luxury fashion brand Chanel’s owners raked in a $5 billion windfall in 2021, Bloomberg reported.
  • Citing the U.K. filings, the report noted Wertheimer family, which owns the brand, got two $2.5 billion dividends in 2021 through their Cayman Islands-based holding company.
  • The surge in the global demand for Chanel’s products shot the owner’s fortunes to new highs.
  • Specifically, the report cited Bloomberg Billionaires Index that the Wertheimers’ net worth skyrocketed 37% in 2022 to $90 billion.
  • The company looks to invest $1 billion in 2022 and plans to hire more than 3,500 workers, the report added.
  • Photo Via Company
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Woman Misses Her Freckles So She Paints Them On, Gets Called Out For ‘Cultural Appropriation’
Cultural appropriation in beauty and fashion is nothing new. But today, it seems impossible that white models could walk a runway in dreadlocks, tribal and Native American dress, or geisha makeup and kimonos. Appropriation happens when consumers or companies use and manufacture products that either promote cultural stereotypes or take…
Bored Panda
Bored Panda
56 Texts Women Got From Men That Are A Crash Course In How Not To Communicate
For many of us, texting is a huge part of our lives. However, some messages can take an unexpected turn for the bizarre, hilarious, and even downright cringy. The post 56 Texts Women Got From Men That Are A Crash Course In How Not To Communicate first appeared on Bored…
Bored Panda
Bored Panda
"The People's Joker" queers-up Gotham
Benefitting from fair use exception, director Vera Drew puts a little sugar in DC Comics' tank and lights a match
Salon
Salon
Like father, like son? The complex factors that shape a parent’s influence on their child
Scientific studies cannot agree on the relative importance of genes and environment on how we turn out as adults
The Guardian - UK
The Guardian - UK
Make a hash of it: how to make the most of beetroot leaves – recipe
Beetroot leaves are nutritious, thrifty and work brilliantly mixed into a hash with other leftover vegetables. Just top with a fried egg and away you go …
The Guardian - UK
The Guardian - UK
Celebrities Speak Out Against Extreme Dieting Side Effects
Celebrities and models share stories highlighting the dangers of extreme dieting and societal beauty standards.
Top News
Top News
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play