Chanel
LeaveRussia detail: Suspension
Chanel is a French luxury fashion house founded in 1910 by Coco Chanel in Paris. It is privately owned by the Wertheimer family and has been headquartered in London since 2018. It focuses on women's ready-to-wear clothes, luxury goods and accessories.
Business in Russia
Chanel, which did not officially leave the Russian market after the outbreak of the military conflict between the Russian Federation and Ukraine, began to refuse to rent space for its boutiques.
Decision trail
Decision date 05/06/2023 · Reference ↗
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. The bulk of indirect shipments after the invasion is traded by Switzerland. Revenue decreased in 2024 vs 2023 by more than -10%.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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