Friday, 6 November 2020
French luxury house Chanel has increased prices for a second time this year, it said on Friday, as high-end brands seek to protect margins from the fallout of the coronavirus pandemic. In a statement responding to a Reuters query, Chanel said the latest price increases were "the consequence of recent significant exchange rate fluctuations between the euro and certain local currencies," without giving further details.
Friday, 9 October 2020
Nothing seems to be able to stop Chanel’s headlong forward progress, as the Parisian luxury giant continues to make multiple supply chain investments. Especially in Italy, where the luxury industry’s artisanal and manufacturing infrastructure has been much better preserved than in France. In summer, Chanel bought Italian tannery Conceria Gaiera Giovanni, and now Italian footwear producer Ballin has been snapped up by the French label.