Chanel braces for further leadership changes
Chanel is hunting for a new CFO to replace Philippe Blondiaux, who was once the voice of the company, and a new fashion activities CEO to step into the shoes of the mighty Bruno Pavlovsky. Blondiaux is expected to leave the French powerhouse at the end of this year and Pavlovsky in the first part of 2027 at the latest, sources close to the brand say. The management reshuffle comes as Chanel is battling declining sales for its overpriced handbags – which generate the bulk of profits – as the severe luxury spending downturn shows no sign of abating.