- Advertisement -
PARIS — Chanel’s annual revenues dropped for the first time since 2020, sliding 4.3 percent to $18.7 billion last year, the French couture and beauty giant said Tuesday.
Operating profit fell 30 percent to $4.5 billion, still a “very healthy level,” according to chief financial officer Philippe Blondiaux, as the brand prepares to relaunch its fashion image under new artistic director Matthieu Blazy.
“This performance followed a period of unprecedented growth in which revenues…
