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- May 20, 202590% CONFIDENCEfrom the source
Chanel's 2024 Revenue Falls 4.3% Amid China Slowdown
- Chanel's 2024 revenues were $18.7 billion, down 4.3% compared with 2023, in what it called a 'more challenging' macroeconomic year[1]
- Operating profit fell 30% to $4,479 million and free cash flow fell to $1,842 million, while capital expenditure hit a record $1,755 million, up 43%[1]
- The year's creative highlights included the Métiers d'art show at Hangzhou's West Lake, Chanel's most-viewed show ever, its first Maison de Beauté in Passy, Paris, and new Watches and Fine Jewellery flagships in New York and Taipei[1]
- CEO Leena Nair said 2025 would open "a new chapter for the House" with the arrival of new artistic director Matthieu Blazy[1]
References 288% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%chanel.com/puls-img/1747810519727-20250520fy24resultspressreleasefinalwwpdf.pdfchanel.com· Posted Sep 25, 2026· Starts May 20, 2025 ✓· 87% of score
The press release is datelined "London, 20 May 2025" and gives no release time, so the pin is all-day for that date.
- [2]78%Chanel Revenues, Profits Fall in 2024 as China Slowdown Biteswwd.com· Published May 20, 2025· 13% of score
WWD's report on the same results release, confirming the $18.7 billion revenue figure, the drop tied to mainland China, and record capital spending.
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