Chanel was founded in 1910 by Coco Chanel in Paris. She pioneered casual women's fashion and helped liberate women from the restrictive styles of the 19th century. In 1983, Karl Lagerfeld became the creative director and helped update Chanel's classic styles for modern women. Chanel is now owned by Alain and Gerard Wertheimer and known for its luxury fashion, accessories, fragrances and beauty products.