Wertheimer, Chanel has found 11 billion sale Richer # 5
Chanel Clutches Karl Lagerfeld, with his shock of white hair , sunglasses and leather gloves, will be the center of attention in Paris next Tuesday , when the luxury goods company debuted last ready - to-wear for the fashion week in the city.
" The Chanel show produced by far the greatest interest," Dana Thomas , author of " Deluxe" , a book about the luxury industry , said in a telephone interview from the French capital. "If you're just a Chanel show season is that you need to go . "
The billionaire bosses 30 years Lagerfeld , Chanel owners Alain and Gerard Wertheimer, walk unnoticed by Thomas . The brothers sit on the fourth or fifth spin and after.
The couple keep their private lives - and their finances - away from the limelight to such an extent that their combined assets of 19.2 billion euros more than double previous estimates .
According to its annual report with the Dutch Chamber of Commerce Chamber of Commerce , Chanel International BV consolidated net sales of EUR 5.9 billion in 2011 , and earnings before interest, taxes , depreciation and amortization of 1.4 billion euro filed .
Dutch documents Chanel A36097
The report of Zoetermeer, Netherlands holding company, the latest available and is Chanel worth $ 18.5 billion according to data compiled by Bloomberg , based on the average firm size realizable value , enterprise value to EBITDA and price-earnings multiples of five publicly traded companies : L'Oreal SA, Estee Lauder Cos. , Prada Spa , LVMH Moet Hennessy Louis Vuitton SA and Kering .
"Chanel would say at the forefront of the industry , " Gilbert Harrison , chairman and founder of the investment bank Financo LLC, said in a telephone interview . " Luxury companies go light three to four times the revenue can easy access to a $ 20000000000 evaluation."
The brothers each own half of the company , according to " The Secret of Chanel No. 5 ," a history of perfume by Tilar Mazzeo They also have three French wineries , including Chateau Rauzan Segla - . And Wertheimer et Frère, one of the best horse racing world and cattle operations.
Laurence Delamare , a spokesman for Chanel 30226 , declined to comment on the net value of Wertheimer .