December 5, 2020

Chanel owners pay themselves $3.4bn dividend – four times company’s net profit

Despite fall in revenues and profits last year, Alain and Gérard Wertheimer took double dividend they received in 2015

The reclusive billionaire brothers who own Chanel paid themselves a $3.4bn dividend last year.

Alain and Gérard Wertheimer, who have run the luxury goods company for more than 30 years, took more than four times the company’s net profit and double the dividend they received in 2015.

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