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Chanel boutique Bond street – London goes for 400 millions dollars
Chanel just shelled over 400 millions dollars to acquire it long term leased flagship boutique in London. Paying up to 70 millions more than its original price. In the middle of a pandemic and in a brexited UK: what sign does it send to luxury retail industry ?
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1 Reply
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Pandemic and new ways of consuming have been negative for retail in general. I guess heritage brands and the bigger fishes will yet survive while developping their online strategy such as in China. Retail spaces will be for flagships, showrooms…
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