Chanel, one of the only independent luxury brands still in operation today, has long been admired and obsessed over by analysts and investors alike, its double-digit growth in recent years indicates that the ceiling for sales within a single luxury brand might be quite higher than what was once imagined.
Chanel is worth nearer to 100 billion euros ($113 billion) than the 50 billion euros that some analysts have estimated, so it’s unclear who might be interested, LVMH managers told analysts at an investor day in Paris this week, according to a note by Jefferies International Ltd. analyst Flavio Cereda
“Year of tremendous upheaval for Chanel”
Chanel’s continued success, combined with the growth of its competitors LVMH, Kering and Hermès — which have seen their market capitalization skyrocket of the back of good performance.
LVMH executives reportedly said that:
CHANEL IS LIKELY TO BE VALUED CLOSER TO $113 BILLION
