Chanel dismisses IPO rumours as it eyes ‘pent up demand’ from consumers in China

Chanel, one of the world’s biggest luxury brands, will remain private, after the French company’s boss dismissed IPO rumours.  “We’re going to stay a private, independent company,” Leena Nair, chief executive of Chanel, told the Financial Times. “Rumours always float around, but you can put those to rest.”  Nair, who joined the company in January [...]