Chanel, S.A. Acquires Holland & Holland, Inc.

Chanel, S.A. is a privately-held fashion house based in Neuilly-sur-Seine, France. Founded by Gabrielle "Coco" Chanel in 1909, Chanel, S.A. is an established name in haute couture and specializes in luxury goods, ready-to-wear clothing, handbags, perfumery, and cosmetics. Chanel, S.A. has operations spread across the United States, United Kingdom, Asia, Australia, and New Zealand. Chanel, S.A. is owned by the Wertheimer family. In 2005, Chanel, S.A.'s division, Paraffection acquired Goossens, a manufacturer of women's jewelry, perfume, clothes and accessories.