By the global financial crisis, is the world's luxury goods consumption was declining rapidly। According to France's largest trade union Total trade unions (CGT) said that well-known international Brand Chanel (Chanel) over the weekend when it issued a statement intended to lay off 200 people.
Is laid off 200 of Chanel's work is equivalent to 10% of output Chanel, according to internal sources, this is the second layoff in 1939 of the founder of Coco Chanel - Chanel as a result of the outbreak of World War I dismissed all employees, the brand suffered the worst economic events। 200 workload, which is equivalent to 10% of Chanel's output. Chanel, a company spokesman said: "In the current international situation, we need to re-set investment and development plans." Chanel luxury goods industry into a shrinking job cuts mark signal Cambon Street began to lay off 31, is considered a luxury industry to shrink a signal. In recent years, by the good momentum of development in the global economy, luxury goods industry is a little industry profits. But in the current global financial crisis, the industry will inevitably be adversely affected. JP Morgan Chase Group analysts believe that in 2009 global sales of luxury goods industry will be reduced by at least 4%.
The arrogance of the past luxury brands such as PRADA, have begun to discount the Other luxury brands do not come better than Christmas PRADA has put posters discount Italian jewelry brand Bulgari (Bulgari) is also expected 2008 sales to fall, the brand of performance in 2009 indicated that he did not optimistic. Italian brand Prada in the family Christmas discounts posters put up, so surprise fashion industry. Louis Vuitton has also delayed the opening of new stores in Tokyo, Japan.
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