When Jacques Wertheimer took over the operation of Chanel in 1965, the new owner was 55 years old and was best known for his family’s horse breeding and racing operations. However, he was less focused on the Chanel operation, which led to his son Alain Wertheimer becoming the new CEO. Though press reports suggested that there was animosity between the two men, the company’s management maintained that there was a peaceful transition.
‘Coco’ is a French word for ‘kept woman’
Coco is a woman who is not able to sing and dance, and is expelled from a dance hall for refusing to whore. She is also unable to marry – though she is determined to do so. A wealthy and charming older man, Etienne Balsan, takes pity on her and starts to arrange advantageous liaisons for her. Unfortunately, the plan backfires when Etienne’s parents discover it.
The French billionaire Alain Wertheimer is the controlling shareholder and chairman of the fashion house Chanel. His brother Gérard heads the watch division. Both Wertheimers are based in New York, and the two have many ties to the fashion industry.
Jacques Wertheimer’s relationship with chanel
The Jacques Wertheimer family has a long and storied relationship with Chanel. It began in 1924 when Pierre Wertheimer and his wife, Germaine Revel, co-founded the famous French brand. Jacques Wertheimer assumed control of the Chanel operation in 1965. Before that, he was most famous for his family’s horse breeding and racing operations. Despite this, he was not as focused on the Chanel business as his father. During the 1970s, his son, Alain, became CEO of Chanel. Although press reports suggested animosity, Chanel management maintained a smooth transition.
If you’re thinking about buying a Chanel bag, you’ll want to check its authenticity card carefully. The serial number on the card should be the same as the one on the bag. The card should also have a gold outer line. If there is a color difference, it’s likely that the card is a fake. You head to Nathaniel Wertheimer to know more.
Supply chain issues
In the Fashion Transparency Index, Chanel scored 11 to 20 percent. They have a few initiatives in place to address supply chain issues. They have an independent auditor look at their supply chain, but don’t list the names of any of them. In addition, they don’t investigate safety incidents, pay living wages or list the names of their suppliers. These are just a few of the many issues that are impacting the fashion industry and the lives of garment workers.