Who owns chanel brand

It often indicates a user profile. Log out. US Markets Loading H M S In the news. Executive Lifestyle. Meira Gebel and Libertina Brandt. They own three vineyards in France and one in Napa Valley.

They also breed and race thoroughbreds, according to Forbes. Visit Business Insider's homepage for more stories. Chanel, at the time, saw it as an opportunity to get her signature fragrance, Chanel No. Before , the fragrance was only available to exclusive clientele at Chanel's Paris boutiques. In , during World War II, Chanel tried to legally wrest control from Pierre Wertheimer, attempting to use the law banning Jews from owning businesses.

However, she failed. During the time, the Wertheimers owned over 50 percent of the fashion house. Brothers Alain and Gerard Wertheimer assumed the role as co-owners of the House of Chanel in after their father, Jacques Wertheimer, son of Pierre, died.

In , at 25 years old, Alain convinced the board of trustees to let him take over the company. They hardly ever take interviews or speak publicly about France's most iconic fashion house, which they both helm. In , the Wertheimer brothers appointed Karl Lagerfeld as the artistic director of Chanel's fashion division.

The New York Times calls Lagerfeld the most "prolific designer" of the 20th and 21st centuries. Not even a beautiful one. Lagerfeld went on to revolutionize Chanel for over three decades, saving it from a potential financial collapse. Lagerfeld was a key element in Chanel's success until his passing in February I have an indisputable right of priority. The profits that I have received from my creations since the foundation of this business … are disproportionate. And, by the end of the war, Coco was forced into exile herself.

Accused of being a Nazi sympathizer, she closed Chanel and moved to Switzerland. Despite their bitter feud, Coco asked Pierre to financially support her again in , when she moved back to France to re-open her atelier. Together, they revived the failing fashion house — most notably, by hiring Karl Lagerfeld. While preserving the legacy of Coco Chanel, he introduced his particular avant-garde touch, knowing how to set the tone for international fashion right up to his last days.

Another strategic point for the Wertheimers: Karl's comments were often controversial, all the more useful for keeping a low profile in the shadow of his brilliant and extremely mediatised character.

While it is no secret that one of the brothers lives in Switzerland and the other in the United States, their appearance in public is always extremely rare and well away from the spotlight. An attitude that is also encountered in the largest fortunes of luxury and fashion - for example, Hermes or Inditex. She is better known as Coco Chanel. In the early s, Gabrielle opened a clothing store at Boulevard Malesherbes in the ground floor of a Parisian flat.

It was in , after successfully designing sought-after clothes for women, such as the famous Chanel suit, that she decided to venture into perfumery and tasked Parisian perfumer Ernest Beaux to crate a scent for the House of Chanel.

Chanel No. In the late s, Gabrielle wanted to expand her perfume business but, realising she needed help, approached Theophile Bader, who introduced her to Pierre. As the years went on and the business continued to grow, a restless Gabrielle felt she had been exploited for her business know-how and design brain by Pierre and she wanted more of the share of profits.

But Pierre had always managed to push back.