Chanel is a French luxury fashion house founded in 1910 by Coco Chanel in Paris. It is privately owned by French brothers, Alain and Gérard Wertheimer, through the holding company Chanel Limited, established in 2018 and headquartered in London. From Wikipedia
The luxury house plans $1.8 billion in capital spending, $600 million in supply-chain projects, and 48 new stores despite a sales decline and global uncertainties.