Chanel: turnover up 8.5% in 2013

By

Bruno Joly

Published
Oct 3, 2014

Chanel continues to be in incredible shape. According to the magazine Challenges, basing its facts on the accounts lodged by the family-run holding lodged in the Netherlands, Chanel's turnover rose 8.5%, to 4.98 billion euros in the 2013 financial year.

The operating margin rose to 1.15 billion compared to 1.06 in 2012. The net earnings of course saw a sharp double digit fall, amounting to 726 million. But, as Challenges reminds its readers, in 2012 the designer label owned by the Wertheimer family took in an exceptional capital gain of nearly 500 million.