Business
First quarter luxury earnings show brands' strengths and weaknesses
French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...
Fashion
A Chanel flap bag now costs more than 10,000 euros
Chanel’s iconic medium flap bag has had another price increase, now selling for over 10,000 euros for the first time. Chanel's CEO, Leena Nair, defended the luxury brand's pricing strategy to Bloomberg, highlighting inflation and the use of premium materials and craftsmanship. Nair asserted that Chanel's commitment to quality serves as rationale...