Chanel H1 Sales Jump 16%, Bucking Luxury Slowdown, Bloomberg Reports

Chanel's comparable revenue surged by approximately 16% in the first half of 2026, a performance that significantly outpaces its luxury market rivals, according to a Bloomberg News report citing a person familiar with the company's results.

The strong growth from the privately-owned Parisian fashion house comes as an industry-wide slowdown has tempered results at listed competitors like LVMH and Hermes, whose recent sales figures have underwhelmed investors.

Performance Breakdown

According to the report, Chanel's growth was broad-based across its divisions and key geographic markets. The performance was reportedly driven by the reception of new collections that arrived in stores in March.

• Fashion Division: Sales grew in line with the group's overall 16% increase. This unit accounts for about 60% of Chanel's total revenue.
• Watches & Fine Jewellery: This division was a standout performer, with sales jumping 35%.
• Regional Growth: All regions recorded growth, including China and the Middle East. Sales in the U.S. were particularly strong, rising more than 25%.

Ad

Market Context

Chanel's reported acceleration contrasts sharply with the broader luxury sector, which is grappling with cooling demand. This performance suggests the brand is successfully capturing market share from its peers.

As a private company, Chanel does not publicly report quarterly or semi-annual figures, only releasing annual results. The company declined to comment on the reported first-half numbers when contacted by Reuters. In May, Chanel reported that its revenue for the full year 2025 had grown 2% to $19.3 billion.