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Chanel rejects talk of sale as revenue tops $11 billion

18/06/2019

The chief financial officer of Chanel, Philippe Blondiaux, has rejected suggestions that the luxury brand is considering a sale to a rival group, insisting it is committed to remaining independent. He made the comments after the brand reported revenue of more than $11.1 billion in 2018, an increase of 13% compared to the previous year. This is...

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