Legendary French fashion house Chanel said Friday it had moved staff from New York to its global hub in London, a welcome change for the British capital which has been under threat of companies pulling out because of Brexit.
Chanel, founded 110 years ago by Coco Chanel, said it had decided recently to unite all its global functions in one place in an effort to simplify and rationalize its structures, and chose London.
In a statement to AFP, Chanel said London now houses its Chanel Limited holding structure, which groups most of the company’s units previously scattered over various holding companies.
“The majority of the company’s global functions which were previously in New York have been transferred to London,” it said. (Agencies)