Chanel is betting on long-term growth in China, opening new boutiques and beauty stores as excitement over Matthieu Blazy’s first collections builds, even as the wider luxury industry faces softer demand.

The Chanel 2025 earnings are in: CEO Leena Nair said the luxury house is "confident" as creative director Matthieu Blazy boosts brand heat.

LONDON — Parisian fashion house Chanel has drawn in shoppers who had never bought the brand before, as creative director Matthieu Blazy's reinvente...