Who owns Chanel?

Chanel, a privately-owned company, was founded in 1910 by Gabrielle "Coco" Chanel and is currently owned by Alain and Gerard Wertheimer, the grandsons of Coco‘s early business partner, Pierre Wertheimer. The company is headquartered in London, England and has boutiques throughout Europe and the United States. Known for its iconic logo and luxury products, Chanel had annual revenue of $15.6 billion in 2021 and employs over 28,000 people.