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Chanel’s old guard heads for the exit, including CFO

By Astrid Wendlandt
21/01/24
Chanel
Chanel is in the grip of a revolution under the leadership of CEO Leena Nair, a 54-year-old Indian-born executive who had never worked in luxury before joining the fashion powerhouse two years ago. People in the industry say: “You don’t leave Chanel, you die at Chanel.” The company, known for having among the lowest turnovers in the industry, has been run smoothly by the same people for decades. Nair has pushed out more than a dozen key executives and senior managers in the past year, shocking staff and industry partners. More heads are expected to roll, industry sources and people close to Chanel say. Even CFO Philippe Blondiaux has told the company he plans to leave in 2026, they said. Chanel declined to comment but would not deny it on the record.

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