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Chanel (/ ʃ ə ˈ n ɛ l / shə-NEL, French: ⓘ) is a French luxury fashion house founded in 1910 by Coco Chanel in Paris.It is privately owned by French brothers, Alain and Gérard Wertheimer, through the holding company Chanel Limited, established in 2018 and headquartered in London.
However, the offering slowed down after a decline in spending on luxury goods in the United States and Japan. In 2001, under the pressure of his bankers, Bertelli sold all of Prada's 25.5% share in Fendi to LVMH. The sale raised only US$295 million. By 2006, the Helmut Lang, Amy Fairclough, Ghee, and Jil Sander labels were sold.
Outlets first appeared in the eastern United States in the 1930s. Factory stores started to offer damaged or excess goods to employees at a low price. After some time, the audience expanded to include non-employees. [2] In 1936, Anderson-Little (a men's clothing brand) opened an outlet store independent of its existing factories.