Retail in Asia


Chanel appoints new Global CEO


French fashion house Chanel appointed Leena Nair, an executive from Unilever as its new Global CEO on 14th December. Nair will succeed interim CEO and co-owner Alain Wertheimer in January 2022 and will be based in London.

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Nair’s career at Unilever spanned 30 years, most recently as the chief of human resources and a member of the company’s executive committee.

Chanel’s decision to pick a consumer goods veteran to run one of the world’s biggest luxury goods groups follows a trend of attracting top executives from the consumer packaged goods industry commented Bernstein luxury goods analyst Luca Solca.

The 52-year-old follows U.S. businesswoman Maureen Chiquet, who came from a fashion background and was CEO of Chanel for nine years until early 2016.

Alain Wertheimer, a 73-year-old French billionaire who owns Chanel with his brother Gerard Wertheimer and had originally taken on the CEO job on a temporary basis, will move to the role of global executive chairman.

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Chanel was founded in 1910 by fashion legend Gabrielle “Coco” Chanel as a hat boutique on rue Cambon in Paris and grew to become a byword for French chic.