Chanel's first-half sales outperform rivals, Bloomberg reports
Chanel's first-half sales outperform rivals, Bloomberg reports Aug 5 (Reuters) - Chanel's comparable revenue jumped about 16% in the first half of 2026, outpacing rivals, thanks to creative director Matthieu Blazy's new collections, Bloomberg News reported on Tuesday, citing a person familiar with the French luxury group's performance.
Blazy's first collections, which landed in stores in March, have helped the privately-owned Parisian fashion house buck an industry-wide slowdown reflected in quarterly results of its listed peers LVMH LVMH.PA and Hermes HRMS.PA, whose modest sales growth failed to convince investors.
H1 sales at Chanel's fashion division, which accounts for about 60% of total revenue, grew in line with group sales, Bloomberg News said.
Sales growth was stronger in its watches and fine jewellery unit, reaching 35%
All regions recorded growth during the period, including China and the Middle East
U.S. sales were up more than 25%
Chanel declined to comment on the results when contacted by Reuters
The company, which officially only reports annual figures, said in May its 2025 revenue had grown 2% to $19.3 billion after a drop in 2024
(Reporting by Alessandro Parodi in Gdansk, editing by Izabela Niemiec)
((Alessandro.Parodi@thomsonreuters.com;))