In 1924, Pierre Wertheimer and his brother Paul became Coco Chanel’s partners in the House of Chanel perfume business. Two years before, in 1922, the Chanel No. 5 perfume had been introduced and Ms Chanel needed the Wertheimers’ extensive experience in commerce, their American business connections, and their capital to fully develop and market the product. During their partnership, Wertheimer owned 70% of the Chanel perfume company. Chanel owned 10% and Chanel’s friend, Théophile Bader, owned the remaining 20%.
JACQUES GUY WERTHEIMER
Jacques Guy Wertheimer (August 18, 1911 – February 6, 1996) was a prominent French businessman who inherited and ran the renowned House of Chanel perfume company. Jacques Wertheimer was born at the villa Les Forgettes in Deauville, the son of Germaine Revel and businessman Pierre Wertheimer who co-founded the Chanel perfume business in 1924.
On March 26, 1947, Jacques Wertheimer married Eliane Fischer, the daughter of an architect. They had two sons, Alain and Gerard. The marriage was short-lived, and after separating, their divorce decree was issued on September 11, 1952.
1984 but for a number of years continued to act as their bloodstock advisor. Head’s daughter Criquette took over as trainer and continued to have great success.
In the 1970s, Jacques Wertheimer boarded his Kentucky-based bloodstock at Hagyard Farm in Lexington, Kentucky. Among his broodmares were the French classic winners Dancing Maid, Gold River and Pistol Packer. All three are buried at Hagyard Farm.
Alain Wertheimer The son of Jacques Wertheimer and Eliane Fischer, it was his grandfather Pierre who co-founded the Chanel business. The privately held company is run by Alain who has presided over the acquisition of several non-Chanel brands, including Eres Lingerie, Tanner Krolle saddles and leather goods, and Holland & Holland, a British gunsmith.
Both brothers are enthusiastic equestrians who also inherited and operate an important Thoroughbred horse racing stable they call La Presle Farm or Wertheimer farm for racing in the United States and is known as Wertheimer et Frère partnership in France. According to reports Alain’s son is to receive over $700 million, at the time of his death. He also has a very close relationship with his 3 grandchildren, who usually stay at his summerhouse during the summer. It’s been reported that he spent $7 million dollars throwing his granddaughter, Anastasia, a sweet sixteen.
The privately held House of Chanel is run by Alain Wertheimer who has presided over the acquisition of several non-Chanel brands, including Eres Lingerie, Tanner Krolle saddles and leather goods, and Holland & Holland, a British gunsmith.
Both brothers are enthusiastic equestrians who also inherited and operate an important Thoroughbred horse racing stable they call La Presle Farm and/or Wertheimer farm for racing in the United States and in France as Wertheimer et Frère partnership.