08.02.22
France
www.chanel.com
Sales: $7.1 billion
Key Personnel: Alain Wertheimer, global executive chairman and co-owner; Gérard Wertheimer, co-owner; Leena Nair, global CEO; John Galantic, president and COO, Chanel Inc.; Philippe Blondiaux, global CFO
Major Products: 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
New Products: No. 1 skin care and makeup collection, Chance Eau Tendre
Comments: Corporate sales surged 49.6% to $15.6 billion. By region, growth was led by the Americas (+79.5%), Asia Pacific (+53.5%) and Europe (+40%). Chanel’s eCommerce sales grew 32% in 2021 and the company opened 50 stand-alone beauty boutiques. It was enough for CFO Philippe Blondiaux to predict Chanel’s beauty business could be more than 50% direct-to-consumer “in a few years.”
Taking a closer look at fragrance and beauty, the division reported market share gains in key countries, and demand (both in boutiques and online) from local clientele as travel retail remained impacted by restrictions.
Last year was a milestone year for fragrance with Chanel marking the 100th anniversary of its iconic Chanel No. 5. To celebrate the occasion, Chanel created pop-ups in key markets and launched the Chanel Factory 5 collection.
The 16 limited-edition products were inspired by everyday objects in an ultra-modern design, bringing the history of the world’s most famous fragrance into the future. Besides No. 5, the company said Bleu and Coco Mademoiselle boosted fragrance sales while skin care provided a lift to the overall beauty segment.
At the start of 2022, Leena Nair was appointed global CEO. She succeeded Alain Wertheimer, who is now global executive chairman. Prior to the move, Wertheimer served as CEO after Maureen Chiquet exited the role in 2016.
Before joining Chanel, Nair was with Unilever, where she served as chief human resource officer. Under her leadership, Unilever was the No. 1 FMCG graduate employer of choice in 54 countries. Nair headed the Diversity and Inclusion agenda for Unilever.
“2022 will be a year of investments in our business,” said Blondiaux. “We plan to invest more than $1 billion in capital expenditure. We plan to hire 3,500 people net around the world across retail, manufacturing and creative roles to continue to enhance our savoir-faire. We’ll continue to invest relentlessly to deliver our climate and sustainability commitment.”
In June, Chanel entered the “clean beauty” category with the launch of No. 1, a skin care and makeup collection formulated with up to 97% of ingredients derived from natural origin. The key ingredient in the line is camellia, a flower grown in Chanel’s fields located in France. Camellia, according to company lore, was the favorite of Coco Chanel herself. Moreover, it is one of the few flowers to bloom in winter. Chanel says its researchers have harnessed camellia’s resilience in its new formulas.
According to Chanel, the line’s skin care serum improves the quality of skin, diminishing the appearance of wrinkles by 25%, visibly refining the appearance of pores by 25% and increasing elasticity by 25%. According to Chanel, skin feels 81% more comfortable and appears 54% more radiant.
No. 1 also includes foundation, fragrance mist, eye cream, revitalizing cream, powder-to-foam cleanser, lip and cheek balm and revitalizing lotion.
At its open-sky laboratory in Gaujacq, France, the land is devoted primarily to camellias and is managed to preserve local biodiversity.
www.chanel.com
Sales: $7.1 billion
Key Personnel: Alain Wertheimer, global executive chairman and co-owner; Gérard Wertheimer, co-owner; Leena Nair, global CEO; John Galantic, president and COO, Chanel Inc.; Philippe Blondiaux, global CFO
Major Products: 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
New Products: No. 1 skin care and makeup collection, Chance Eau Tendre
Comments: Corporate sales surged 49.6% to $15.6 billion. By region, growth was led by the Americas (+79.5%), Asia Pacific (+53.5%) and Europe (+40%). Chanel’s eCommerce sales grew 32% in 2021 and the company opened 50 stand-alone beauty boutiques. It was enough for CFO Philippe Blondiaux to predict Chanel’s beauty business could be more than 50% direct-to-consumer “in a few years.”
Taking a closer look at fragrance and beauty, the division reported market share gains in key countries, and demand (both in boutiques and online) from local clientele as travel retail remained impacted by restrictions.
Last year was a milestone year for fragrance with Chanel marking the 100th anniversary of its iconic Chanel No. 5. To celebrate the occasion, Chanel created pop-ups in key markets and launched the Chanel Factory 5 collection.
The 16 limited-edition products were inspired by everyday objects in an ultra-modern design, bringing the history of the world’s most famous fragrance into the future. Besides No. 5, the company said Bleu and Coco Mademoiselle boosted fragrance sales while skin care provided a lift to the overall beauty segment.
At the start of 2022, Leena Nair was appointed global CEO. She succeeded Alain Wertheimer, who is now global executive chairman. Prior to the move, Wertheimer served as CEO after Maureen Chiquet exited the role in 2016.
Before joining Chanel, Nair was with Unilever, where she served as chief human resource officer. Under her leadership, Unilever was the No. 1 FMCG graduate employer of choice in 54 countries. Nair headed the Diversity and Inclusion agenda for Unilever.
“2022 will be a year of investments in our business,” said Blondiaux. “We plan to invest more than $1 billion in capital expenditure. We plan to hire 3,500 people net around the world across retail, manufacturing and creative roles to continue to enhance our savoir-faire. We’ll continue to invest relentlessly to deliver our climate and sustainability commitment.”
In June, Chanel entered the “clean beauty” category with the launch of No. 1, a skin care and makeup collection formulated with up to 97% of ingredients derived from natural origin. The key ingredient in the line is camellia, a flower grown in Chanel’s fields located in France. Camellia, according to company lore, was the favorite of Coco Chanel herself. Moreover, it is one of the few flowers to bloom in winter. Chanel says its researchers have harnessed camellia’s resilience in its new formulas.
According to Chanel, the line’s skin care serum improves the quality of skin, diminishing the appearance of wrinkles by 25%, visibly refining the appearance of pores by 25% and increasing elasticity by 25%. According to Chanel, skin feels 81% more comfortable and appears 54% more radiant.
No. 1 also includes foundation, fragrance mist, eye cream, revitalizing cream, powder-to-foam cleanser, lip and cheek balm and revitalizing lotion.
At its open-sky laboratory in Gaujacq, France, the land is devoted primarily to camellias and is managed to preserve local biodiversity.