Chanel Cuts 200 Jobs in Response to Recession

Chanel store window

Chanel store window

DALLAS, Dec 29, 2008 / FW/ — It looks like the luxury market is not totally recession proof as everyone used to believe. French fashion house Chanel, leading luxury purveyor is “200 jobs as fears grow that the supposedly recession proof luxury market is falling victim to the global credit crisis,” reported The Guardian in London.

The same report cites that Bulgari, Prada and LVMH, the world’s biggest luxury company are not immune to recession either.

Read full story here: Chanel sheds 200 jobs as sales of luxury items decline

Related Post:

Paris Haute Couture Spring 2009

Paris Fashion Week Fall 2009

Shopping

Shopping

Featured Posts

%d bloggers like this: