SMH
·general
·1 hour ago
The $30 billion windfall for the secretive brothers behind Chanel
The Wertheimer family behind Chanel is set to receive $5.8 billion in dividends for 2025, bringing their decade-long windfall to approximately $29.4 billion. Brothers Alain and Gérard Wertheimer, with combined wealth of $85 billion, have maintained Chanel's outperformance against LVMH during recent luxury-sector challenges. The secretive family controls the iconic brand through offshore holding company Mousse Investments.
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