Author:Dara PrantPublish date:Jun 17, 2019Updated onJun 17, 2019These are the stories making headlines in fashion on Monday. Chanel's continued success has fueled talk that it could be valued at €40 to €50 billion. But Philippe Blondiaux, Chanel's global chief financial officer, reiterated in an interview with Business of Fashion on Monday that the company is not on the market.
The board will review the bids over the next few days, with the goal of choosing the best offer to ensure the industrial continuity of the luxury group. {Reuters} Because distribution is no longer a challenge for most brands, selling directly is more profitable and allows them to create a one-to-one relationship with the consumer.
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