In "the new normal", luxury items turn out to be significantly more expensive: at Chanel and Louis Vuitton for example, prices for handbags have risen by up to 17 % since the lockdown. Price hikes are taking place almost all over the world, but China might just be spared.
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In Antwerp, Chanel has opened its first 'beauty boutique' in the Benelux. The store focuses on experience and offers perfumes, make-up, care products and sunglasses for women and men.
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A small consolation after the tragic loss of its figurehead Karl Lagerfeld, but Chanel has performed exceptionally well last year. The company's turnover is approaching the milestone of ten billion euros, 12.5 % more than the year before.
Fashion designer Karl Lagerfeld has passed away, aged 85. The creative director of the French fashion icon Chanel had been ill for a while. Chanel meanwhile wasted no time appointing a successor.
French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.
French fashion brand Chanel now also sells its beauty products online in Belgium and the Netherlands, through its own web shop. Free shipping is included for orders surpassing 100 euro and a 10 euro fee will be charged for orders below that sum.
Maureen Chiquet, Chanel CEO, has decided to leave the company by the end of the month. A difference of opinion, about the French fashion label's strategy, is apparently the reason for her resignation.