Forget China, Chanel exec warns of luxury fatigue risk
Tuesday, 29 October 2024 () Zurich (AFP) Oct 28, 2024
A slowdown in the key Chinese market is currently lashing the financial performance of luxury houses but a Chanel executive warned Monday it faces an even greater risk from oversaturation and "luxury fatigue". Frederic Grangie, head of the watch and jewellery division at Chanel, told the Swiss daily Le Temps that 2025 and 2026 will be "complicated" for the luxury industry. After three ye
Tuesday, 29 October 2024 ()
Zurich (AFP) Oct 28, 2024