Chanel’s Billionaire Owners Reap Massive Dividends, Boost Wealth and Diversification
Over the past three years, the billionaire Wertheimer family, owners of the luxury brand Chanel, have accumulated $12.4 billion in dividends, significantly boosting their personal wealth and supporting their diversification efforts beyond high fashion. Meanwhile, Chanel recently announced the departure of Virginie Viard, the artistic director who had been with...