Pause operations: company temporarily curtailing operations while keeping return options open

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Chanel is a French luxury fashion house founded in 1910 by Coco Chanel in Paris. It is privately owned by the Wertheimer family and has been headquartered in London since 2018. It focuses on women's ready-to-wear clothes, luxury goods and accessories.

Pause operations: company temporarily curtailing operations while keeping return options open

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Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Revenue(RF), mln.USD
66
Assets(RF), mln.USD
135
Capital(RF), mln.USD
87
Glob.Revenue, mln.USD
10100
Shops
5
Staff(RF), 2021
440

Chanel, which did not officially leave the Russian market after the outbreak of the military conflict between the Russian Federation and Ukraine, began to refuse to rent space for its boutiques.

The Company Statement
June 05, 2023

The company pauses its business in Russia. Import to Russia is suspended and all shops are closed. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. The bulk of indirect shipments after the invasion is traded by Switzerland.

May 06, 2024Kremlin wardrobe. Who and how from the leading fashion brands are dressed by Russians
March 22, 2024Chanel reduces the number of stores in Russia
October 22, 2023About new projects of CHANEL in Russia
April 25, 2022Chanel Targets Wealthy Vacationers With New Store Openings
March 10, 2022LinkedIn Post
March 06, 2022Burberry joins exodus of luxury brands from Russia
March 05, 2022The owners of Louis Vuitton and Chanel will temporarily close stores in Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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