Chanel, Louis Vuitton aren't immune to bad economy


Posted December 30, 2008 by Linda Miller Comment on this article Leave a comment

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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FASHION BLOGGER
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Linda Miller always has loved makeup and fashion, especially shoes and handbags. She admits to owning more lipsticks and glosses than many makeup...

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