The key to winning a loyal following in the new generation of Millennials – the key target market for all fashion houses - is emotion, insists François Henri Pinault, CEO of French luxury conglomerate Kering Group.
Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world’s last hold-outs as rivals head online to win over new clients.
François-Henri Pinault, Karl Lagerfeld, Alber Elbaz, Michael Burke and Demna Gvasalia are just some of the big names expected to speak at the luxury conference organised by Vogue in Paris, held November 24 and 25.
Few luxury executives will have a busier year than Bruno Pavlovsky, Chanel’s Fashion President, who has just overseen the launch of the Gabrielle bag; and has four major new flagship boutiques in the pipeline.
French luxury goods maker Chanel has created a silks production unit by investing in high-end specialists, it said on Friday after completing the third deal in four months aimed at strengthening its supply chain.
The luxury fashion house announced Tuesday the acquisition of the Richard tannery, a family business specialising in the manufacturing of high end lamb skin - "particularly key" in the small leather goods market.
Chanel, the world's second largest luxury brand, said on Monday its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
First came U.S. President Barack Obama and the Rolling Stones. Now global fashion's glitterati including supermodel Gisele Bundchen are descending upon Cuba for Chanel's runway show extravaganza later on Tuesday.