UK is new Chanel base

CHanEl will set up its global head office in london in a vote of confidence for post-Brexit Britain.

the luxury goods maker, which raked in sales of more than £ 7bn last year, will bring all its global business divisions under one roof in the uK, choosing london over Paris where the business was founded by Coco Chanel in 1909.

a spokesman said: ‘ london is the most central location for our markets.’