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- May 21, 202490% CONFIDENCEfrom the source
Chanel Reports Record 2023 Revenue of $19.7 Billion
- Chanel's 2023 revenues reached $19.7 billion, up 15.8% on a comparable basis at constant currency (14.6% as reported)[1]
- Operating profit was $6,407 million, up 10.9% versus 2022; EBITDA rose 9.4% to $6.98 billion and profit after tax grew 3% to $4.73 billion[1]
- Asia Pacific revenue grew 21.6% to $10.18 billion and Europe grew 16.4% to $5.6 billion, the two fastest-growing regions[1]
- Chanel grew headcount 14% to more than 36,500 people and expanded its retail network past 600 boutiques worldwide during the year[1]
- CEO Leena Nair pointed to the year's launch of Chanel's Open Innovation Function and new Net-Zero 2040 targets validated by the SBTi[1]
References 282% CONFIDENCE
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- [1]90%chanel.com/puls-img/1716301904618-pressrelease2023resultsengfinalpdf.pdfchanel.com· Posted Sep 25, 2026· Starts May 21, 2024 ✓· 50% of score
The press release is datelined "London, 21 May 2024" and gives no release time, so the pin is all-day for that date.
- [2]75%CHANEL reports full year 2023 revenues increased 23 percentcpp-luxury.com· Added Sep 25, 2026· 50% of score
Trade coverage of the same results release, corroborating the $19.7 billion revenue figure and regional growth.[1]
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