Chanel reveals annual results for 1st time in 108-yr history
France-based fashion brand Chanel on Thursday released its annual results for the first time in its 108-year history. The company reported a revenue of $9.62 billion and a profit of $1.8 billion for calendar year 2017. Chanel's Chairman Alain Wertheimer and his brother Gerard each own half of Chanel and have a fortune of $22.7 billion each, according to Bloomberg. 