THE WHAT? Owners of Chanel, the Wertheimer family received some US$5 billion in dividends last year as the luxury label recorded record-breaking sales, according to a report published by Bloomberg.
THE DETAILS The Wertheimer family’s holding company is said to have received two payouts of US$2.5 billion a piece, per Bloomberg. The biggest annual payout since public records began.
Chanel saw revenues rise 49.6 percent in 2021 versus the prior year, hitting US$15,6 billion, while operating profit increased 170.6 percent on 2020 figures, up 57.5 percent compared to 2019 levels.
THE WHY? The fashion and beauty brand recorded record profit levels in 2021 as demand for luxury products soared, beating pre-pandemic figures. As Philippe Blondiaux, Global CFO, said in a statement, “Despite the challenging backdrop in 2021, our results highlighted remarkable customer demand particularly from our local client base, driven by the dedication and creativity of our teams to bring our clients’ dreams to life through unique experiences.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
