Société Anonyme | |
Industry | Fashion |
Founded | 1909 |
Founder | Coco Chanel |
Headquarters | Paris , France |
Number of locations | 310 |
Area served | Worldwide |
Key people |
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Products | |
Revenue | $ 9.6 billion (2017)[1] |
€ 1.3 billion[2] (2016) | |
Number of employees | 1,270 (2010) |
Website | ; padding-right: 13px;">www |
Chanel S.A. (/ʃəˈnɛl / ; French: [ʃaˈnɛl] ) is a French, privately held company owned by Alain Wertheimer and Gérard Wertheimer, grandsons of Pierre Wertheimer, who was an early business partner of the couturière Gabrielle Bonheur Chanel. Chanel S.A. is a high fashion house that specializes only in women's haute coutureand ready-to-wear clothes, luxury goods, and fashion accessories.
Gérard Wertheimer | |
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Born | Gérard Paul Philippe Wertheimer 17 April 1951 Paris, France |
Residence | Geneva, Switzerland |
Citizenship | European |
Alma mater | University of Paris |
Known for | Co-Owner of House of Chanel |
Net worth | US$12.7 billion (November 2017)[1] |
Spouse(s) | Valérie Wertheimer |
Children | 3 |
Relatives |
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Gérard Paul Philippe Wertheimer (born April 17, 1951) is a French businessman based in Geneva who owns and controls the House of Chanel perfumecompany in partnership with his brother, Alain.
Alain Wertheimer | |
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Born | 17 April 1948 Paris, France |
Residence | Paris, France |
Nationality | French |
Known for | co-owner of House of Chanel |
Net worth | US$12.7 billion (November 2017)[1] |
Children | three |
Parent(s) | Jacques Wertheimer Eliane Fischer |
Relatives | Gerard Wertheimer (brother) Pierre Wertheimer (grandfather) |
Alain Wertheimer (born September 28, 1948[2] ) is a French businessman based in France who, with his brother Gerard, own the controlling interest in the House of Chanel and also have an investment in Bell & Ross. Wertheimer was born to a Jewish family,[3] the son of Jacques Wertheimer and Eliane Fischer. His grandfather, Pierre, co-founded the House of Chanel. The privately held company is run by Alain who has presided over the acquisition of several non-Chanel brands, including Eres Lingerie and beachwear, Tanner Krollesaddles and leather goods, and Holland & Holland, a British gunmaker. Based in France, the Wertheimer brothers own French vineyards including Château Rauzan-Ségla in Margaux, France, and Château Canon in Saint-Emilion, both of which have won rave reviews from oenophiles.
So if the rumours hold true, it is my initial impression that FPJ has sold 20% of his company to a family who has the understanding and appreciation for long term value. I doubt you will see a 1304 movement in a Chanel watch anytime soon.
If you where in his shoes, would you do? Sell to the stock market regime of Johann Rupert or to some privately held company with and understanding of long term brand value?
I look forward to hearing your thoughts?
Best
Christian