Sales: $4.1 billion
Note: $4.1 billion for cosmetics and fragrances. Corporate sales $12.3 billion
Alain Wertheimer, global chief executive officer and co-chairman; Gerard Wertheimer, co-chairman; Alain Philippe Blodiaux, chief financial officer
Fragrances: Chanel No. 5, Allure, Allure Homme, Coco, Coco Mademoiselle, Chance, No.19, Cristalle, Pour Monsieur, Antaeus, Egoïste, Les Exclusifs, Bleu de Chanel. Skin care: Sublimage, Ultra Correction Lift and Line Repair, Hydramax + Active, White Essentiel, Le Blanc, Hydra-Beauty. Color cosmetics: Rouge Allure, Rouge Coco, Le Vernis, Inimitable, Inimitable Intense, Les 4 Ombres, Vitalumière, Joues Contrastes
Paris-Riviera, Gabrielle Essence and Chance Eau Tendre and Bleu de Chanel fragrances; Les Beiges color cosmetics collection, CC cream
Comments: Privately-held Chanel said 2019 sales rose more than 10%, but don’t expect one of the world’s biggest players in the luxury market to duplicate the feat in 2020. CFO Philippe Blondiaux said that even with Europe reopening, the group cannot make up for the lack of international travel.
“We anticipate that the external environment will continue to impact the luxury sector negatively for at least the next 18-24 months,” he told reporters.
One bright spot has been China, where sales have rebounded by more than 100% in some weeks. Sales are also improving in key European cities such as Paris, Milan and Berlin.
Chanel certainly won’t be alone. Consultancy Bain predicts that the $310 billion luxury goods sector could see a decline of 35% this year.
In looking back to 2019, the company said its fragrance and beauty business continued to deliver robust growth across all product categories and channels. In fragrance, Chanel added to its market leading position with the launch of Chance Eau Tendre Eau de Parfum and the new Gabrielle Essence, as well as the sustained success of Bleu de Chanel. In beauty, Chanel continued to gain market share, getting a lift from Rouge Coco Flash and Ultra Le Teint, while Sublimage and Le Lift propelled skin care gains.