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Maureen Chiquet stepping down as global CEO of Chanel

Due to difference of opinion over the direction of the brand, Maureen Chiquet, the globel CEO of Chanel, will be leaving the company at the end of the month. Alan Werthmeier, chairman of Chanel, will be taking over Chiquet's responsibilities. Chiquet spent nine years at Chanel, during which she oversaw the international expansion of the brand,...

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