In this success post, we are going to share the story of Alain Wertheimer, who along with his brother Gerard Wertheimer, inherited his family business in the year 1996 after the death of his father, Jacques. The leading luxury brand of the House of Chanel was co-established by his grandfather, Pierre Wertheimer, in the year 1909, which is father Jacques inherited.
Since Alain and Gerard took over the family business in the year 1996, it has reached new heights of success, and today it has become one of the significant brands renowned for the readymade garments, luxury goods, fashion accessories, etc.
Alain Wertheimer Childhood
And Alain Wertheimer was born in France in the year 1948 to Jacques Wertheimer and Eliane Fischer.
Alain Wertheimer Career
Since the time Alain has inherited his family business, he has served as its chairman and supervised a number of non-Chanel acquisition, which includes the Holland & Holland, Tanner Kroll, and Eres Lingerie.
Being the elder of the two brothers, Alain primarily takes care of the business, and his brother Gerard basically chairs the watch division of the Chanel. He also owns a number of French vineyards, which include the France & Chateau Canon of Saint Emilion, and Rauzan Segla of Margaux.
Additionally, he has also expanded into new lines of products, which include shoes, cosmetics, branded clothes, accessories, Chanel watches, and others.
In the year 1990s, he began expanding his holdings, and acquired the Lemarie, Lesage and A-Michel-et-Cie. In the year 1996, he has also acquired the Holland & Holland, an executive gun manufacturer, Eres, a high-end swimsuit company in the year 1997, and Bell & Ross, a watchmaker in 2001.
Soon, he launched accessories bearing the name of the Chanel and rolled out a new watch and jewellery store on Madison Avenue of New York.
Alain Wertheimer Reputation
With top innovation in the marketing and advertising of fragrance, Alain has become a global leader in the industry. He spends more on advertising than any other perfume company and has consequently repeated more profit margins across the industry.
Alain Wertheimer Personal life
He is also enthusiastic, and operates the La Presle Farm, a Thoroughbred stable for horse racing. Like an old-world aristocrat, he has a passion for activities like horse racing, art collecting, fine wines, etc. His horses have even won the Breeders Cup & Royal Ascot and the French Derby. His art collection includes the masterpieces by Matisse and Picasso. After so many years of Alain taking over his family business, Chanel has become a popular name that attracts customers from across the globe.
Alain Wertheimer Net Worth
Although Alain Wertheimer co-owns all his assets with his brother Gerard, his own personal net worth has been estimated to be around $18 billion. Additionally, to his business Chanel and a lot of acquisitions and investment, he also owns a number of farms and vineyards in France. He also earns money with victories of his horses in the horse race.
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