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Chanel CEO’s rise to success started with a 48-hour train ride
Fortune
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10/25/2024
Chanel CEO Leena Nair was recruited to lead one of the biggest fashion houses in the world, ranked at No. 209 on the Fortune 500 Europe list.
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Tech
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00:00
Chanel CEO Lena Nair leads one of the biggest fashion houses in the world,
00:03
and it all started with a 48-hour train ride across India.
00:06
Nair recently told students at Stanford that getting an MBA was a key step in her career.
00:10
The only problem was that her university of choice was on the opposite side of India,
00:14
practically another planet away from her family.
00:16
But Nair still took the rare opportunity to advance her education,
00:19
and worked her way up through business.
00:21
She said she was surprised when she got a call from Chanel,
00:23
one of the world's biggest luxury companies,
00:26
and it took her nine months to eventually say yes to the CEO position.
00:29
Despite the sharp differences,
00:30
Nair has already made significant changes in her two years with Chanel,
00:34
seeing a 16% jump in the company's revenue last year
00:36
and increasing the funding for Chanel's charity arm.
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