Coco Chanel
Gabrielle Bonheur "Coco" Chanel (19 August 1883 – 10 January 1971) was a French fashion designer and business woman. The founder and namesake of the Chanel brand, she was credited in the post-World War I era with liberating women from the constraints of the "corseted silhouette" and popularizing a sporty, casual chic as the feminine standard of style. A prolific fashion creator, Chanel extended her influence beyond couture clothing, realizing her design aesthetic in jewellery, handbags, and fragrance. Her signature scent, Chanel No. 5, has become an iconic product. She is the only fashion designer listed on "Time" magazine's . Chanel herself designed her famed interlocked-CC monogram, which has been in use since the 1920s.
Chanel No. 5
In 1924, Chanel made an agreement with the Wertheimer brothers, Pierre and Paul, directors of the perfume house Bourjois, creating a new corporate entity, Parfums Chanel. The Wertheimers agreed to manage production, marketing, and distribution of Chanel No. 5. The Wertheimers would receive a 70 percent share of the company, and Théophile Bader, founder of the Paris department store Galeries Lafayette, would receive 20 percent. Bader had been instrumental in brokering the business connection by introducing Chanel to Pierre Wertheimer at the Longchamps races in 1922. For 10 percent of the stock, Chanel licensed her name to Parfums Chanel and removed herself from involvement in all business operations. Later, unhappy with the arrangement, Chanel worked for more than twenty years to gain full control of Parfums Chanel. She said that Pierre Wertheimer was "the bandit who screwed me".