Chanel Raises €700 Million From High-Grade Private Debt Market

Luxury fashion house borrows from US private-placement market
Deal follows similar transactions for Ferrero, Remy Cointreau

Chanel sales climbed 16% on a comparable basis to $19.7 billion in 2023.Photographer: Annice Lyn/Bloomberg

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By Silas Brown

July 30, 2024 at 12:19 PM UTC

This article is for subscribers only.

Chanel has raised over €700 million ($758 million) from a privately-placed bond sale, people with knowledge of the matter said.

The London-based luxury fashion house is the latest big European business to raise debt privately, following similar deals for German engineering firm Robert Bosch Gmbh, Italian chocolatier Ferrero and French drinks maker Remy Cointreau.