Fashion Matters » Chanel http://blog.newsok.com/fashionmatters Snippets of fashion and beauty Mon, 23 Nov 2009 19:11:37 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Chanel, Louis Vuitton aren’t immune to bad economy http://blog.newsok.com/fashionmatters/2008/12/30/luxury-brands-chanel-louis-vuitton-arent-immune-to-bad-economy/ http://blog.newsok.com/fashionmatters/2008/12/30/luxury-brands-chanel-louis-vuitton-arent-immune-to-bad-economy/#comments Tue, 30 Dec 2008 15:35:07 +0000 lmiller http://blog.newsok.com/fashionmatters/2008/12/30/luxury-brands-chanel-louis-vuitton-arent-immune-to-bad-economy/ chanelspring.jpg

An outfit from the Chanel spring  2009 show.

A slow down in retail sales and difficult economic times aren’t just affecting Sears, Ann Taylor, KB Toys and Circuit City.

Luxury brands are feeling hard times, too. Chanel reportedly is set to lay off 200 of its Paris employees. Chanel doesn’t usually fall on hard times.

LVMH, which owns Louis Vuitton, isn’t immune either. The company cancelled plans for a new Louis Vuitton megastore in Tokyo.

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