Wertheimer family's Chanel luxury brand contributes $12.4bn in payouts over three years, with a $5.7bn dividend in 2023.
The Wertheimer family, who own luxury brand Chanel, have seen their personal wealth rise due to $12.4bn in payouts from the brand's earnings over the past three years. The Cayman Islands-based holding company will receive a $5.7bn dividend in 2023, the largest annual payout since publishing results. This contributes to the family's diversification efforts beyond high fashion, with investments in healthcare and tech.
June 05, 2024
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