Chanel Released Yearly Earnings For The First Time In 108 Years

The reason why Chanel manages to have such lavish fashion shows? They're rich! For the first time in the fashion house's 108-year history, Chanel released its yearly earnings. Coco Chanel’s label earned a whopping $9.62 billion in 2017, reports Refinery29. That's an 11% increase from the previous year. This figure puts Chanel above Gucci and neck-to-neck with Louis Vuitton.