Reported 3 months ago
Chanel has successfully raised over €700 million ($758 million) through a privately-placed bond sale, amidst growing challenges in the luxury sector. This move follows similar actions by other major European firms and allows Chanel to connect directly with institutional investors, thus avoiding the fluctuations of public credit markets. The debt is arranged by Goldman Sachs and Societe Generale, with maturity in 10 and 12 years.
Source: YAHOO