Chanel confirms it’s very rich, bitch FashionNewsChanel confirms it’s very rich, bitchThe Parisian house has released its financial results for the first time in over 100 yearsShareLink copied ✔️June 22, 2018FashionNewsText Dominic Cadogan We know what you might be thinking, ‘Chanel is rich, we been knew’. Sure, the company – that was founded over 100 years ago – was always known for being one of the most financially successful luxury fashion houses, but historically it has chosen never release its official financial results. Until now. Unsurprisingly, the Parisian label is doing very, very well, with its annual revenue up 11 per cent from last year and now sitting at $9.6 billion. Impressive. And even more so when you consider Chanel is outselling competitors including Gucci and Saint Laurent, and in fact the entire Kering group. So there’s that too. “Instead of having others report, we've decided to put the facts on the table about who we are,” the label’s chief financial officer said of the decision to release the brand's figures. With the company basically raking it in, the creative opportunities for Karl Lagerfeld are almost endless. The most recent shows have seen him recreate a giant Eiffel Tower, a cruise ship, an indoor forest, a waterfall, and a rocket. Maybe the next show will actually take place on the moon? Watch Chanel’s most recent show below: Trending10 of the hottest Instagram accounts fusing art, sex and eroticaManaging to (mostly) slip under the radar of Instagram’s notorious censorship rules, these are the flesh-baring accounts you need to followBeautyArt & PhotographySun-drenched photo projects to stir your lust for summer NothingEventWhat Went Down at Club Nothing in New YorkLife & CultureIs this the most corrupt World Cup ever?BeautyNude awakening: Meet the young people embracing naturismArts+CultureFive of the most explicit anime films everBeautyThe sexiest flesh-baring Instagram accounts you need to followFashion‘Poetic, political, and unapologetic’: 6 Palestinian designers on the riseLife & CultureWhy did choking during sex become vanilla?