French luxury brand Chanel on Wednesday said its global chief executive officer Maureen Chiquet would leave the company at the end of January due to “differences of opinion” over strategic direction. American Chiquet, 52, has held the post since 2007. The brand is famed for its creative director Karl Lagerfeld, perfumes such as Chanel No 5 and its distinctive quilted handbags.

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Chanel, global chief exec part company over strategy