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Business of Fashion
20-05-2025
- Business
- Business of Fashion
Chanel Pulls Back on Price Hikes as Sales Fall 4%
PARIS — Chanel's annual revenues dropped for the first time since 2020, sliding 4.3 percent to $18.7 billion last year, the French couture and beauty giant said Tuesday. Operating profit fell 30 percent to $4.5 billion, still a 'very healthy level,' according to chief financial officer Philippe Blondiaux, as the brand prepares to relaunch its fashion image under new artistic director Matthieu Blazy. 'This performance followed a period of unprecedented growth in which revenues nearly doubled over the previous three years,' chief executive Leena Nair said. 'It's a challenging time in the world… and it continues to be challenging.' New Stores, New Markets Chanel maintained high investment levels during a difficult year for the luxury industry, in which geopolitical tensions and stubborn inflation contributed to a sharp downturn in demand for high-end products. 'We remain committed to our investments because we always take a long-term approach. We've navigated many ebbs and flows in these 100 years that we've been around, and we're using this moment always to focus, to double down on what makes us uniquely 'Chanel,'' Nair said. Record capital expenditures of $1.8 billion included the opening of 53 new boutiques — mostly standalone fragrance and beauty shops, as the brand invests in steadily ramping up direct sales in its cosmetics division. Six net fashion openings included two locations in China, where the brand remains 'very under distributed,' Blondiaux said. 48 more boutiques are planned to open this year. With major luxury markets like China, Europe and the US under pressure, Chanel is working to expand in new countries including Mexico, India and Canada. India is 'one of the most vibrant economies in the world,' Nair said, as well as being a place where there's 'a deeply held tradition of valuing and appreciating traditional craftsmanship.' Chanel's beauty division recently opened its first store in Mumbai as well as launching a distribution deal with local e-commerce and retail giant Nykaa. Marketing expenditure — including advertising, product launches and client events — totalled $2.4 billion as the company continued to host flashy brand spectacles, including staging a Métiers d'Art runway show at the West Lake in Hangzhou, China in December. Designer Transition Fashion demand hasn't been hurt by the recent spate of unsigned studio collections as Chanel continued to stage six shows per year following the exit of artistic director Virginie Viard last summer. In fact, ready-to-wear was one of the brand's fastest-growing categories last year, Blondiaux said. 'The studio has done an amazing job — you can see their depth of expertise, the sophistication,' Nair said. Still, the company is eager to unveil this autumn its first collection by Blazy, whom it hired from Bottega Veneta late last year. 'He's one of the most talented and gifted designers in a generation,' said Nair. 'His vision and understanding of the Chanel codes is fantastic. We were very impressed by his mastery of natural, luxurious materials, his commitment to craftsmanship, his commitment to products.' Chanel says the lengthy transition was necessary as the designer needs to work ahead on a pipeline of shows, not just his debut. 'Chanel is a brand which has such profound depth that it takes time to truly understand and immerse oneself… We're not focusing on what he's going to bring to one collection, but looking at the next many collections over the next few years. The vision takes time to unfold,' Nair said. Leather Goods Lag Makeup and skincare were the beauty division's strongest performers. Fragrance sales also grew as the brand rolled out its first 'No. 5' campaign starring the perfume's new ambassador, Margot Robbie, and worked to relaunch its 'Chance' range with a new flanker called 'Eau Splendide' (the brand's first new fragrance in eight years). Watches and fine jewellery experienced 'dynamic growth,' powered largely by its Coco Crush collection of cross-hatched jewellery, inspired by the brand's quilted accessories. Growing sales across ready-to-wear, beauty and jewellery suggest the decline in Chanel's overall revenues could be largely attributed to the core leather goods category, a key driver of Chanel's profits. As consumers across the luxury industry have balked at sharp price increases for handbags in recent years, Chanel's hikes have been particularly steep. Its iconic medium Flap handbags crossed the threshold of €10,000 ($11,000) early last year, nearly double their price in 2019. At the same time, viral videos citing quality issues with the bags proliferated on social media. The company has since pulled back on punchy price increases. 'The average pricing effect we had for fashion was 3 percent last year, which I'm sure you will agree was perfectly in line with global inflation, if not less than that,' Blondiaux said. 'We intend to maintain more or less the same policy, which is to monitor our prices in line with global inflation in 2025.' In addition to slowing down on price hikes, the brand is working to reinforce the value proposition of its leather goods through splashy marketing, novelty and revamped design. 'You know Matthieu has a particular expertise in accessories. So for the future we are doing everything we can to offer the best ecosystem in terms of high quality leather… the best quality raw materials to really foster his creativity,' Blondiaux added. 'We just launched our Chanel 25 handbag, and it's a huge success, fronted by Dua Lipa and Jenny — really buzzing,' Nair said. 'In luxury, the power of creation to delight and inspire clients, built with good storytelling that's authentic, built on good craftsmanship and with an understanding of clients' desires: it works.'
NDTV
30-04-2025
- Entertainment
- NDTV
Ananya Panday Exudes Feminine Chic Vibes In A Black Three-Tiered Dress At Chanel Cruise 2025/26
Ananya Panday is nothing short of a fashion maverick and her attendance at the Chanel Cruise 2025/26 show at Lake Como, Italy, has further solidified her status as a style icon. She has charmed fans with not one but three stunning avatars from the high-profile event. For her first look, Ananya Panday picked out a chic black three-tiered midi dress that reflected her Gen-Z aesthetic. The chic Métiers d'Art couture came with full sleeves and a deep V-neckline. Shiny silver sequins along the borders and hemline created a playful twist. Coupled with a structured buttoned bodice, the dress balanced sophistication with a touch of youthful exuberance. The three-tiered ruffled skirt stole the spotlight by offering a delicate finish to her OOTD and the stylish side pockets added a bit of functionality. View this post on Instagram A post shared by ELLE India (@elleindia) In terms of accessories, Ananya kept it minimal with diamond studs and rings. Her minimal makeup included blushed cheeks, glossy lips and muted smokey eyes. Her luscious, open hair were styled in soft curls. In her Chanel diaries, the next chapter was all about floral fantasy. Ananya Panday wore a floral dream in a strappy mini dress. The dress featured a spaghetti straps, giving a flowy yet allowing the dress to hug her body perfectly. The ensemble helped the diva showcase her petite frame. Crystallised floral adornments in pastel shades offered the right amount of contrast to the black base. View this post on Instagram A post shared by Ananya ???? (@ananyapanday) Ananya accessorised her look with a stone-encrusted bracelet, shiny studs and matching rings. She went with bold makeup, featuring rosy-contoured cheeks and a dark shade of brown lipstick. Adding drama to her eyes was the delicate stroke of eyeliner, curled-up lashes and well-defined eyebrows. She completed her edgy yet feminine look with a side-parted open hairdo. Up next, Ananya Panday embraced the 'sweet Italian life' in a mellow yellow midi dress that came with summery aesthetics. The sleeveless wonder had ribbed details all over, including a flowy skirt. Ananya looked as pretty as a belle in the dreamy silhouette. Minimal makeup and open hair completed the effortlessly chic look. View this post on Instagram A post shared by Ananya ???? (@ananyapanday) Which is your favourite Ananya Panday outfit?
South China Morning Post
30-04-2025
- Business
- South China Morning Post
Chanel's cruise 2025-26 collection at Lake Como in northern Italy: the French maison celebrates its Italian connection, with Sofia Coppola directing a short video
Anticipation is mounting for Matthieu Blazy 's first collection as creative director of Chanel, to be unveiled in October, but in the meantime the Parisian powerhouse is not slowing down. After travelling to Hangzhou, China late last year to present its Métiers d'Art collection with a mesmerising show on the shores of West Lake, Chanel sojourned to another body of water to reveal its cruise 2025-26 collection: Lake Como. Held at the majestic Villa d'Este – a former 16th century royal residence and one of Italy's most famous hotels – the show was a celebration of Italian joie de vivre and Chanel's long relationship with Italy. Chanel's cruise 2025-26 show opened with a series of white looks in tweed. Photo: Reuters Advertisement While Chanel is first and foremost a French maison, Italy plays a vital role in the making of its creations – from leather goods to shoes, sunglasses and knitwear. Over the years, Chanel has invested in a series of Italian suppliers, and in 2023 partnered with luxury label Brunello Cucinelli for a joint investment in a cashmere manufacturer. More recently, the house acquired a 35 per cent stake in Como-based silk maker Mantero. 'I always say that Chanel is half French and half Italian,' said Chanel president of fashion Bruno Pavlovsky in an interview before the show. 'We are a French brand but for a very long time, we've set up a lot of activities here in Italy. In the luxury world you have no choice: it's either France or Italy. Today in terms of units, we're manufacturing more units in Italy than in France, and there are more people working for Chanel in Italy than in France, for the fashion division. 'We're not Italian but we feel at home in Italy – especially in this part of Italy. Shoe manufacturing has disappeared in France, so today we make 100 per cent of our shoes in Italy. In ready-to-wear, tailoring is made in France, but denim, knitwear is made in Italy.' The show was held at Villa d'Este, a historic hotel at Lake Como in northern Italy. Photo: Reuters The bond between Italy and Chanel in fact dates back to the time of Gabrielle 'Coco' Chanel herself . The designer first discovered Italy in 1920, when she visited what would become one of her favourite cities, Venice. She was also close to Italian director Luchino Visconti, who is said to have invited her to his villa at Lake Como, at a spot not far from Villa d'Este. Chanel introduced Visconti to French director Jean Renoir, and eventually Visconti asked the designer to dress actress Romy Schneider for a role in an episode of Boccaccio '70 (1962), an anthology of four stories about women. The chapter starring Schneider, in which the actress wears Chanel signatures such as two-toned heels and pearl necklaces, is one of director and long-time Chanel collaborator Sofia Coppola 's favourite films.
Time of India
30-04-2025
- Entertainment
- Time of India
Ananya Panday serves Gen Z glam at Chanel's Cruise 2025/26 show in Lake Como
Ananya Panday just made her international fashion mark again and this time, it was at none other than Chanel's Cruise 2025/26 show at the dreamy Lake Como in Italy on April 29. Ditching the OTT red carpet drama, the Kesari 2 star showed up looking effortlessly cool in a chic black three-tiered midi dress that screamed Gen Z elegance with a couture twist. Let's talk details: Ananya's outfit was pure Métiers d'Art magic. The dress featured a plunging V-neckline with just the right amount of sparkle thanks to silver sequins subtly scattered across the bodice. The sharp buttoned front added some structure, while the full sleeves complete with glitzy sequin cuffs brought in that quiet luxury edge. Oh, and it had pockets. Stylish and practical? Yes, please. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The real showstopper though? That layered three-tier skirt. Each tier was edged with a hint of silver shine, giving her look a fun, flirty vibe while keeping it high fashion. It's one of those rare dresses that feels both red carpet-ready and dance floor-friendly. Ananya kept the accessories sleek and striking, a pair of sparkly statement earrings, a glinting diamond ring, and classic black strappy heels that tied the whole look together without stealing the spotlight. Makeup-wise, she played it soft and radiant. Think: nude eyes, winged liner, glowing skin, and that perfect barely-there nude lip. Her hair was styled in soft waves and left open in a middle parting, adding to the understated glam. As for the venue, Chanel pulled out all the stops. The collection was showcased at the legendary Villa d'Este, perched right along the glittering shores of Lake Como. With its old-school cinematic glamour and postcard-perfect views, the whole event felt like stepping into a vintage fashion dream. In a sea of fashion influencers and A-listers, Ananya stood out with her signature cool-girl energy. She proved once again that she knows how to mix youthfulness with high fashion and that she's more than ready to slay on the global style stage.
Hindustan Times
30-04-2025
- Entertainment
- Hindustan Times
Ananya Panday looks angelic in 3-tiered black dress at Chanel Cruise show at Lake Como. See pics
Ananya Panday attended the Chanel Cruise 2025/26 show at Lake Como, Italy, on April 29. The Kesari 2 actor looked nothing short of stunning as she stepped out in a chic black three-tiered dress. In the pictures, Ananya truly looked like a vision, proving once again that when it comes to fashion, she knows exactly how to make heads turn. Let's take a closer look at her glamorous ensemble for the event. (Also read: Even Ananya Panday's simple tank top costs ₹26K: Here's how to copy her look from outing with BFF Suhana Khan ) Ananya skipped the elaborate floor-length gowns and embraced a more youthful, fashion-forward look with a chic midi dress that perfectly reflects her Gen Z aesthetic. She wore a stunning Métiers d'Art couture look that featured a deep V-neckline, beautifully adorned with silver shiny sequin work and a structured buttoned bodice. A post shared by Bollywood Celebrity Style (@bollywoodwomencloset) The dress also came with full sleeves that had sequined hems, adding just the right amount of sparkle, along with stylish side pockets that brought in a modern twist. The highlight of the ensemble was the three-tiered skirt, each layer delicately finished with a silver shiny hemline, creating a playful yet polished silhouette. She accessorised her look with statement earrings, a diamond ring on her finger, and a pair of stylish black strappy heels. Her makeup was on point, featuring nude eyeshadow, winged eyeliner, mascara-coated lashes, blushed cheeks, a luminous highlighter, and soft nude lipstick. With her luscious tresses styled in soft curls and left loose in a middle parting, she completed her glam look to perfection. According to Chanel's official website, the CHANEL Cruise 2025/26 collection was presented at the iconic Villa d'Este, nestled along the picturesque banks of Lake Como, Italy. The show served as an ode to cinematic glamour and the sheer joy of dressing up to be seen.
