Most Powerful Women

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50

Maureen Chiquet

2012 Take Home a Nude Benefit Art Auction
NEW YORK, NY - OCTOBER 18: Maureen Chiquet, Global CEO of Chanel, attends the 2012 Take Home a Nude Benefit Art Auction at Sotheby's on October 18, 2012 in New York City. (Photo by Taylor Hill/Getty Images)Taylor Hill Getty Images
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While privately held Chanel keeps a low corporate profile, its brands are anything but. The legendary fashion house sold $4.1 billion in beauty products last year, according to Euromonitor–and that figure doesn’t even include the company’s iconic clothing. Chiquet, a former president of Banana Republic, became CEO in 2007 and has pushed to keep the 105-year-old company fresh, enlisting stars like Brad Pitt for ad campaigns, renovating its boutiques, and launching 12 new collections last year.