Chanel, a global luxury designer brand, is ramping up investments, opening new boutiques and refocusing its business plan to strengthen its brand equity and remain competitive in the luxury goods market.
European luxury stocks dropped to their lowest level in seven weeks on 24th May. However, investors are optimistic about the Chinese luxury goods market as it unlocks restrictions following the covid-19 pandemic.
Property sales in Dubai are forecasted to reach a total of over $82bn (Dh300bn) in 2023 as HNWIs invest in the region’s real estate market. Dubai’s real estate market hit $80bn in sales in 2022.
Japan is witnessing a boom in its luxury hotel business, with overseas HNWIs accounting for nearly half of the ¥494.3bn spent on hotel deals in FY 2023.
Chanel is ramping up investments to strengthen and expand its brand equity. The investment plan includes expanding its international footprint in France and China. Chanel’s investment... read more
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