Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years.
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A flood of ethical investors is driving down borrowing costs for companies selling debt used for environmental or social projects. That’s great if you’re a solar-panel maker, as you can issue low-cost green bonds to help pay for your new factory. Ring-fenced green funds don’t work so well if your business only spends limited amounts on infrastructure and research, or if your sustainability plans encompass a variety of different projects. That’s why fashion house Chanel opted to sell sustainabili
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Chanel raises prices of high-end products in China and Asia amid Global luxury slowdown
Not all luxury brands have fared equally under Chinese President Xi Jinping’s crackdown on graft and conspicuous flaunting of cadre wealth. While fancy watch sales dipped 11 percent in the year since a Rolex-wearing Chinese official nicknamed “Brother Watch” was ousted from his job in September 2012, sales of luxury apparel and cosmetics both jumped 10 percent in 2013, according to consulting firm Bain & Co.
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Late last week, luxury fashion house Chanel announced a price increase in China and the Asia-Pacific region.
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As per the RBI’s last forecasts, it expects inflation to start trending lower in the second half of the year, reaching 5 per cent in the first quarter (April-June) of the next financial year (2023-24).. As per the RBI’s last forecasts, it expects inflation to start trending lower in the second half of the year.
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