Chanel, founded in 1909, recently released its first-ever revenue report showing $9.62 billion in earnings for 2017, marking an 11 percent increase from the previous year. This financial disclosure positions Chanel as likely the largest single fashion brand worldwide, outperforming competitors like Louis Vuitton and Gucci. The audit confirms that the financial statements accurately reflect the company's position and compliance with French accounting standards.

1. JAVERIA ANSARI
ANSARI
AN AUDIT PRESENTATION
JAVERIA

6. Alain Wertheimer
{ Co-owner }
Gerard Wertheimer
{ Co-owner }
Karl Lagerfeld
{ Creative Director }
Phillippe Blondiaux
{ Chief Financial Officer }
Olivier Polge
{ Master Perfumer }

7. Type : Société Anonyme
Industry : Fashion
Founded : 1909, 110 years ago
Founder : Gabrielle Bonheur “Coco” Chanel
Headquarters : Neuilly-sur-Seine, France
London, United Kingdom
Number of locations : 310
Products : Haute couture ; Ready-to-wear ;
Perfume ; Jewellery ; Accessories
Revenue : $ 9.6 billion (2017)
Net Income : € 1.3 billion (2016)

12. Chanel Just Released its First-Ever Revenue Report, Made $9.62 Billion in 2017
June 21, 2018
“Chanel released its annual results for the first time in its 108-year history,” the New York Times’ Elizabeth Paton
revealed on Thursday. Its revenue for 2017? $9.62 billion, up 11 percent from the year prior. The move to be more
transparent comes as the Paris-based brand’s CEO Philippe Blondiaux says that the lack of information out there
about Chanel’s bottom line has led “to the circulation of false or misleading information.” We now have a definitive
number to go on and it is big.
$9.62 billion – which takes into account sales of the brand’s ready-to-wear business, accessories, and cosmetics,
including its world-famous Chanel No. 5 fragrance – is significant in large part because it means that Chanel “is
likely the largest single fashion brand by sales” in the world, per Paton – “outpacing rivals like Louis Vuitton and
Gucci.”
But Chanel is not only outpacing Gucci. Based on the annual revenue report for Gucci's parent company Kering –
which owns Saint Laurent, Balenciaga, Bottega Veneta, and Alexander McQueen, among others, as well – Chanel
out-earned the entire Kering group, which brought in a total of $7.6 billion for 2017.

13. We conducted our audit in accordance with the professional standards applicable in France. In compliance
with the requirements of Aracle L B23-9 of the French Commercial Code { Code de Commerce } relating to
the justification of our assessments, we bring to yur attention the following matter –
The financial statements sets out the accounting policies and methods used to value shares in subsidiaries
and affiliates and other long-term investments. We have verified the appropriateness of the related disclosure
to the financial statements. We have also examined the consistency of the data and assumptions used and the
supported documentation provided.
In our opinion, the financial statements give a true and fair view of the financial position and the assets and
liabilities of the Company , and the results of its operations for the year then ended, in accordance with
French generally accepted accounting policies.
Audit Report
& opinion on it thereon

15. THANK YOU
JAVERIA ANSARI