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Seaside Chanel, Louis Vuitton pussyhats at Paris Fashion Week

The last day of Paris Fashion Week on Tuesday saw Chanel take a trip back to its seaside origins, while Louis Vuitton looked to a space-age future that also included a luxury take on the "pussyhat". Chanel's show was dedicated to the northern French seaside town of Deauville where its founder Gabrielle "Coco" Chanel opened her first boutique in...

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BusinessFeatured

Chanel revenue fell 18 percent during 'highly disrupted' pandemic

Chanel on Tuesday said its revenue fell 18 percent to 10.1 billion dollars in 2020. The Paris-based luxury house said its business was “highly disrupted” due to store closures and suspension of international travel. Prior to global lockdowns, Chanel had a robust duty-free business, which instantly froze as tourism was halted. While the pandemic...

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