Virginie Viard - Designer

[yslforever]

This WWD article from 2019 here also says LVMH executives stated that Chanel's IPO is worth close to 100 billion euros:

WWD

Chanel's annual revenue in 2018 was 9.8 billion euros and their annual revenue in 2023 was 18.4 billion euros. Using the rough estimates here, I can roughly estimate the company's current worth using this formula:
(value18/revenue18) × revenue23

If Chanel was worth 80 billion euros in 2018:
(80/9.8) × 18.4 = 150.2

If Chanel was worth 100 billion euros in 2018:
(100/9.8) × 18.4 = 187.8

Assuming that all other factors of company valuation have been static throughout this period, Chanel could be worth 150 to 190 billion euros today. In truth, it's probably more.

Your calculations are good, but it doesn't include the prospective up to 2025/2030 or more, they are aiming at nearly 30 billions a year in 2030, so the current asking price is more or less 230 billions euros.

 

[LadyJunon]

Your calculations are good, but it doesn't include the prospective up to 2025/2030 or more, they are aiming at nearly 30 billions a year in 2030, so the current asking price is more or less 230 billions euros.

I'd need the source of that statement to get a better estimate, but my guess for 2030 would be 250 to 300 billion euros.

If Chanel was worth 80 billion euros in 2018:
(80/9.8) × 30 = 244.9

If Chanel was worth 100 billion euros in 2018:
(100/9.8) × 30 = 306.1

Of course this is assuming that Chanel actually reaches that goal for 2030.

 

[yslforever]

I'd need the source of that statement to get a better estimate, but my guess for 2030 would be 250 to 300 billion euros.

That's source from inside, aka an M&A banker with access , that's the reason why they are asking "only" 230 billions in 2024, they just discounted accrued inflation, or € devaluation, over the next 6 years. There are 10s of ways to calculate the value of a company and millions of ways to twitch the end result
But to be really honest; they were directed to calculate a number, I quote, "higher than Hermès and not a penny less", for purely ego reason so they took Hermès market capitalization, add 10 billions, and chose a method accordingly.

 

[DILF]

So she was missing in action at the end of the Couture show. I was looking for her.

 

[Caffeine]

where is that guy getting all his tea and why is he so obssessed. let it go hun, everyone just wants to know the new CD.

I think that if what he said was true, the new CD will be months away at least. Who wants a seat there when you can't control your own ateliers or your ideas?

 

[Caffeine]

Don't the "Metiers d'Art" collections serve that purpose

I think they were supposed to, but based on my recollection, the MdA collections from 2 to 3 years ago changed markedly when they started to heavily rely on sequins.
Why is it important? Because this coincides with the rumor that they outsourced work to southeast Asia where labor is much cheaper.
If you look at Temu/Taobao type of clothes, or even zara, sequins/beading are very common. They can be made at a fraction of the cost in Asia than in France.
I probably only saw a couple of pieces made with Lesage tweeds in each of the past MdA collections...the "craftsmanship has been very limited to one narrow aspect.

Again, I'm no fashion insider. I only share my own observations as a consumer here.

 

[Kimihiro]

Pardon me, but can you legally have 3 Haute Couture collections a year in France? I really do think MdA serves that purpose.

They could make MdA a more customized experience though, with all the accoutrements couture clients get.

 

[disco54]

I have a strong feeling Chanel's crazy greed driven under Leena Nair will be its demise.

 

[TerraVera]

BTW; Hermès is worth 230 billions €, the Wertheimers are asking almost the same. So nobody knows if they seriously want to sell, maybe hoping for a queen from a Gulfe monarchy or a sovereign fund to snatch it, or if they just want to, idk, incite interest from one of their heir to succeed them.
Its the complete reverse of the Succession TV show, none of the Wertheimers childrens are interested in Chanel, they have different lives and have never been very involved in the family business, at least much less than the Heilbrons, who aren't direct shareholders.

based on this, i understand why they may be flirting with the idea of selling, but, respectfully, in the grand scheme of things, that would be stupid.

chanel is too valuable and powerful of an asset to sell unless, in the brother's minds, it's too much of a hassle to think about despite already being pretty hands off. why not remain hands off and continue benefitting from chanel?

well, what would they be using the sale to invest or re-invest in? are they just tired of being in fashion and want to totally separate themselves from it because the next generation has no interest in it? there has to be a better reason to want to sell.

there is a very, very little pond of potential stewards who can a) afford to purchase chanel and b) run it properly. it would be hard for them to sell it, even to an investment group (which is much more likely). i doubt a gulf nation would want it since qatar is slowly separating themselves from valentino.

the thought of chanel being sold is unsettling and random af. and it makes me want to root for hermes even more.

 

[couturefan]

A source told Super Dacob from Youtube that there was conflict between Virginie and Leena Nair, take it with a grain of salt of course as nothing is confirmed:

 

[Deleted member 116957]

US Harper's Bazaar February 2006
"A Fashionable Life: Virginie Viard"
Photographer: Karl Lagerfeld
Featuring: Virginie Viard



HB Archive

 

[Squizree]

Change thread title to "Virginie Viard - Former Chanel Flop" plz

 

[FashionPower]

Can I just post the worst 5 looks ever from Virginie? I could list so many flop moments but these five...not even would have conceived such poorly fitted / basic / cheap looks.

- Haute Couture Fall 2021: mix of a baby doll and a silk pajama


- Haute Couture Spring 2023: a horror movie starring a killer clown named CHANEL. Probably the cheapest show from Virginie: the magician hat, the bowtie, the gold laminated leather calf booties cutting in half the models' legs, the budget setting. Everything was wrong.



- Fall 2020: Adidas like pants with buttons on the sides paired with boots coming straight from the "Pirates of the carribean" costume wardrobe. Also, Vivienne looks like a plus size model in this image, the fit of the top and the pants is so wrong.


- Resort 2025: Marseille has never looked so drab and depressing. Hoodie dress with tacky color combo and a big fat *** CHANEL logo...is Marseille in the room with us? Not to mention those nightmare platform plastic flip flops. Yuck.


- Resort 2024: loved this collab from Virginie with PHILIPP PLEIN. Los Angeles never looked so tacky, garish and vulgar. Platform tacky heels paired with muscle warmer, a basic dress with logo splattered everywhere...in bold psychedelic schizophrenic colored prints. Nice jacket with pink colored pube hair picturing a palm.


Please show this post anytime someone in here tries to defend Virginie's tenure. I can continue posting other flop collections if you want LOL.

 

[Deleted member 116957]

In my heart, I just cannot bring myself to hate Virginie. Yes, her designs were god-awful, but I think it's idiotic that she was allowed to be in that position for so long anyway. She was bad, as I've said before, in an honest way. It's really, really bizarre that they didn't have another contingency plan for post-Karl.

 

[Squizree]

Karl was the master of ugly cute. He created some truly ugly silhouettes and hideous gimmicks. But you could tell he was just trolling and his collections always rested on classic high quality pieces.

Again, I can't stand the man either alive or in the grave, but his vision was undeniable. There was always humor in his work. That's what Virginie didn't have a drop of.

 

[Lola701]

US Harper's Bazaar February 2006
"A Fashionable Life: Virginie Viard"
Photographer: Karl Lagerfeld
Featuring: Virginie Viard



HB Archive

One of my biggest disappointment with Virginie came from the fact that I did loved her style.
It was very rock with a lot of Balenciaga indeed. It turned out that the way she dressed didn’t match the way she wanted women to look like.

When I look at the look from the Marseille collection, I simply can’t imagine her wearing it or finding someone chic while wearing it.

But that’s a fabulous spread on HB!
Great taste and I can only imagine the number of Karl’s portraits and drawings (the same with Caroline Lebar) that she has!

 

[PDFSD]

One of my biggest disappointment with Virginie came from the fact that I did loved her style.
It was very rock with a lot of Balenciaga indeed. It turned out that the way she dressed didn’t match the way she wanted women to look like.

When I look at the look from the Marseille collection, I simply can’t imagine her wearing it or finding someone chic while wearing it.

But that’s a fabulous spread on HB!
Great taste and I can only imagine the number of Karl’s portraits and drawings (the same with Caroline Lebar) that she has!

true ..but much like KL monochrome style of dressing in chrome hearts etc is on thing pop rock idea and still doing chanel shows with fru fru and pink and dainty lady stuff ...i think as the know what sells under the chanel label as a job you do more of it .....even the current studio collection have the frumpy and loose fits going on ....

looking at Blazzyboy´s BV i see why Chanel is comfortable having him his from acc like shoes that are just as middle of the road non offensive round commercial fit shapes...that he has in his rtw as well ...i don't foresee great sharpness in his designs at BV and under Chanel happen any time soon either...his design when not over layered and overstyled are on the loose boxy frumpy side

put a cc logo buttons on any of the styles below and you would have VV ´s chanel as well

 

[GIVENCHYlover]

In case you missed her

 

[LadyJunon]

In case you missed her

It seems like being away from Chanel rejuvenated her.

 

[GivenchyHomme]

It seems like being away from Chanel rejuvenated her.

Who wouldn’t? Could you imagine the relief she must have felt finally leaving that pressure cooker? Hopefully she’s enjoying her retirement.