<br /> The reason why Chanel manages to have such lavish fashion shows? They're rich! For the first time in the fashion house's 108-year history, Chanel released its yearly earnings. Coco Chanel’s label earned a whopping $9.62 billion in 2017, reports Refinery29. That's an 11% increase from the previous year. This figure puts Chanel above Gucci and neck-to-neck with Louis Vuitton. <br />
