A pioneer for unstructured, functional fashion at the beginning of the 20th century, Chanel is a Parisian fashion house that was founded by style icon and talented designer Gabrielle (Coco) Chanel in 1909. Now under the creative direction of German-born Karl Lagerfeld, this French heritage brand continues to be known for its signature quilted bags, golden chain detailing, tweed jackets and nostalgic fragrances. Chic, ladylike and cut to flatter, Chanel suits are a piece of fashion history worth investing in.