Chanel was founded in 1909 by Coco Chanel and is known for revolutionizing women's fashion by replacing corsets with more functional yet flattering garments. Chanel has established itself as a premier luxury brand represented by iconic celebrities. The brand takes inspiration from past styles which it modernizes with simplicity. Chanel's No. 5 perfume, launched in 1921, was groundbreaking by combining floral and musk scents to create a fragrance for modern women. Advertisements for No. 5 emphasize the brand's elegance and minimalism.