By  on June 21, 2018

PARIS — Chanel, the privately held company owned by the secretive Wertheimer brothers, on Thursday broke with a century-old tradition by publishing its consolidated financial results for the first time.

The maker of quilted handbags and No. 5 perfume recorded sales of $9.6 billion in 2017, up 11 percent year-on-year in constant currency terms, placing it shoulder-to-shoulder with Louis Vuitton, commonly considered the world’s biggest luxury brand. LVMH Moët Hennessy Louis Vuitton, the French conglomerate that owns Vuitton, does not break out figures for its fashion brands.

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