Chanel stores in Shanghai saw a surge in customers waiting in a long queue to buy its products on Thursday after the French fashion house reduced its prices in China, the Beijing News reported.
Chanel, the world's second-biggest luxury brand behind LVMH's Louis Vuitton, said on Wednesday that a price adjustment will begin on April 8 when the prices will be cut in China and increased by 20 percent in Europe.
It's still unknown whether GUCCI and other luxury brands will follow suit.
 |
|
Customers wait in a long queue outside a Chanel store at Shanghai International Financial Center in Shanghai on March 19, 2015. [Photo/CFP] |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
