Chanel is the most valuable privately held fashion house with revenues of $17.6 billion in 2022 (the last year disclosed) and an estimated brand value of $20+ billion. Founded by Gabrielle "Coco" Chanel in 1910 in Paris, it remains private under the Wertheimer family. The No. 5 perfume, introduced in 1921, is still the world's best-selling fragrance, and the Classic Flap handbag has tripled in price since 2019.
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