Chanel valued at 100 billion euros

If anyone was thinking to purchase Chanel from the Wertheimer family, they can try again, unless they have 100 billion euros lying around. LVMH has expressed interest in purchasing what appears to be the most profitable luxury fashion house in the world after the death of their legendary artistic director Karl Lagerfeld, but LVMH analysts told investors at an investor day in Paris this week that Chanel is worth nearer to 100 billion euros, more than the 50 billion euros previously estimated.