Chanel’s Record Dividend Brings Owners’ Windfall to $12 Billion

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Chanel’s Record Dividend Brings Owners’ Windfall to $12 Billion
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The billionaire family behind Chanel will have pocketed $12.4 billion in payouts from the luxury brand’s earnings over the past three years, contributing to a massive increase in their personal wealth and underpinning efforts to diversify away from high fashion.

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