Chanel is a privately held luxury fashion house headquartered in Paris, France. Founded in 1910 by Coco Chanel, the company is globally known for its haute couture, ready-to-wear fashion, handbags, accessories, and iconic fragrances like Chanel No. 5. Chanel is not publicly traded, which means it does not appear on any stock exchange. Instead, it is controlled entirely through private family ownership. The company operates worldwide and continues to be one of the most influential brands in the luxury industry.
Ownership Status of Chanel
Chanel is owned by the Wertheimer family, specifically the brothers Alain Wertheimer and Gérard Wertheimer. They inherited the company through their grandfather Pierre Wertheimer, who was an early business partner of Coco Chanel. Since Chanel is a private company, ownership details are not disclosed publicly, but global business reports consistently confirm that the Wertheimer brothers are the 100% owners of Chanel through their family holding company.
Major Shareholders
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| Alain Wertheimer | ~50% | Co-owner; serves as Chairman of Chanel. |
| Gérard Wertheimer | ~50% | Co-owner; oversees various Chanel divisions. |
Chanel does not have public shareholders because it is a private company.
About the Owners of Chanel
The owners of Chanel are Alain Wertheimer and Gérard Wertheimer, two brothers who belong to one of the richest and most private luxury-business families in the world. They are the grandsons of Pierre Wertheimer, Coco Chanel’s original business partner who helped expand the brand’s fragrance and cosmetics empire.
Alain and Gérard are known for keeping a very low public profile while maintaining strict control over Chanel’s creativity, branding, and business strategy. Their leadership has ensured that Chanel stays independent, exclusive, and deeply rooted in its French luxury heritage.
Owner’s Net Worth
The combined net worth of the Wertheimer brothers makes them some of the wealthiest individuals in the world. As of the latest estimates, Alain Wertheimer has a net worth of around $45–46 billion, while Gérard Wertheimer is estimated to be worth $41–45 billion. Together, the Wertheimer family’s total wealth exceeds $100 billion, largely driven by the immense global success and private ownership of Chanel. Since Chanel is not publicly listed, their wealth continues to grow with the brand’s rising valuation and expanding luxury markets worldwide.
Key Shareholder Highlights
- Alain Wertheimer acts as the Chairman of Chanel.
- Gérard Wertheimer is more involved in accessories, watches, and jewelry operations.
- The Wertheimer family is known for strict privacy and rarely gives interviews.
- Chanel’s entire controlling structure is operated through private holding companies owned by the family.
Recent Developments in Ownership
While there has been no public sale or IPO of Chanel, several details are noteworthy:
- The holding company is domiciled in the Cayman Islands (Mousse Investments Ltd.), which underscores the private, global structure of the ownership.
- Wealth of the family has grown significantly in recent years — media-reports state their combined net worth rose to around US$108 billion, driven partly by Chanel’s performance.
- The brothers remain extremely private and do not operate as public-facing “owners” in the way that some luxury brands do with public investor disclosures.
Chanel remains under the ownership of the Wertheimer family, specifically Alain and Gérard Wertheimer, making it a rare major luxury brand still fully privately owned. Their stewardship has enabled Chanel to retain independence, control over brand image, and strong financial performance. The immense personal wealth of the owners flows from the value of Chanel and related holding entities.
FAQs
1. Who owns Chanel right now?
Chanel is owned by Alain Wertheimer and Gérard Wertheimer.
2. Is Chanel publicly traded?
No. Chanel is a private company and has no public shareholders.
3. Who founded Chanel?
Chanel was founded by Coco Chanel in 1910.
4. Has the ownership of Chanel changed recently?
No major change. Chanel has remained in the Wertheimer family for decades, though their wealth increases with Chanel’s growth.