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Chanel's 2023 revenues reached $19.7 billion, up 16% on a comparable basis, with operating profit up 10.9% to $6.4 billion, as the brand expanded its retail network past 600 boutiques worldwide.

Chanel appointed Matthieu Blazy, previously creative director of Bottega Veneta, as its new artistic director of fashion, succeeding Virginie Viard and becoming only the fourth designer to lead the house after Gabrielle Chanel, Karl Lagerfeld and Viard.

LVMH shareholders approved raising the company's chairman-and-CEO age limit from 80 to 85 with 99.18% of the vote, clearing Bernard Arnault, then 76, to keep running the group without having named a successor.

Chanel reported 2024 revenues of $18.7 billion, down 4.3%, and operating profit down 30% to $4.5 billion, even as it made record capital investments of $1.76 billion in boutiques and client experience.

Chanel reported 2025 revenues of $19.3 billion, up 2%, and operating profit up 5% to $4.7 billion, crediting the CHANEL 25 handbag and Matthieu Blazy's October debut show for renewed creative momentum.