Chanel doubles HQ size with Mayfair move

1st June 2023 | Jack Oliver

Chanel is set to double the size of its headquarters after agreeing a 20-year lease in Mayfair.

The luxury fashion brand will be moving from the Time and Life building, which has been its home since 2018, to 38 Berkeley Square.

Chanel plans to move its staff into its new 86,000 sq ft headquarters from 2025.

Leena Nair, CEO of Chanel, said: “London has been an important centre for Chanel for many years and today’s announcement reaffirms our commitment to the UK and to our people.

“This new global headquarters has been designed to be at the forefront of sustainability, and an inclusive and beautiful working space, supporting Chanel’s future growth ambitions.”

This comes as Chanel revealed its 2022 financial results, which saw profits increase by 5.8% to $5.78bn (£4.63bn), while sales rose by 17%.

“Chanel has delivered another solid financial performance in 2022, with double-digit growth across all categories”, said the brand’s chief financial officer Philippe Blondiaux.

He added: “The fact that this has been achieved despite broader macroeconomic challenges is testament to the creativity and agility of our teams around the world, and the strength and uniqueness of our brand.”


Looking for more retail news? you might find these interesting