How Chanel kissed goodbye to France and fully embraced the United Kingdom, for tax reasons

Chanel kissed goodby to FranceIn the background, far from grabbing headlines and the limelights, the shareholders of Chanel, the Wertheimer family, have relentlessly restructured and reorganised the Chanel business, since Brexit. Sensing a massive tax opportunity, Chanel has completed its Frexit in September 2022, kissing goodbye to the nosy and invasive strategies and idiosyncrasies of the French tax administration and control systems. The United Kingdom, and in particular London, is reaffirming its position as a tax haven for the rich and powerful, post Brexit, while France has lost one of its crown jewels, and does not even understand its massive financial loss, blinded by the belly-dancing charm offensive put up by Chanel's top management in France. How did this happen?
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