Blondiaux, in a story published Thursday, also told the New York Times that Chanel decided to lift the veil on its financial secrets because the company “realized it was time to put the facts on the table as to exactly who we are: a $10 billion company with very strong financials, plus all the means and ammunition at our disposal to remain independent.”Related: Christian Dior shares spike on $13 billion takeover bidSeveral trade publications reported on rumors of a possible takeover bid from rival LVMH (LVMHF) earlier this year. The Paris based conglomerate owns high end brands Louis Vuitton, Fendi, Cline, Givenchy and Marc Jacobs just to name a few. It also recently purchased Christian Dior.Bernard Arnault, CEO of LVMH, has also dismissed the takeover rumors.
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