BUSINESS | Chanel Warns Virus Impact Will Linger On Luxury Sector

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel’s chief financial officer said on Thursday, warning the French fashion label’s 2020 revenues and profit would be significantly hit.

Privately-owned Chanel – known for its tweet suits, quailed handbags and No.5 perfume is one of the biggest luxury brands in the world alongside LVMH’s Louis Vuitton.

It did not give details of the slide in sales so far this year but the next 12 to 18 months would be particularly tough, finance chief Philippe Blondiaux told Reuters, adding that a strong recovery in countries where the group’s shops have reopened could not make up for the lack of international travel.


French Antitrust Body Fines Eyewear Makers For Imposing Selling Prices

France’s antitrust body on Thursday fined several eyewear makers for imposing selling prices on opticians and preventing them from selling online. The Autorite de la Concurrence said it had fined EssilorLuxottica 125,17 million euros ($147.60 million), LVMH 500,000 euros and Chanel 130,000 euros. ‘These anti – competitive practices are serious’, the antitrust body said in … More French Antitrust Body Fines Eyewear Makers For Imposing Selling Prices

Azzi & Osta’s Couture A/w 2021/2022 Collection ‘Weaving The Wind’, Totally Inspired By The Intricacies Of Perfume

A collection based on perfume is the basis of Lebanese duo Azzi and Osta’s Haute Couture Autumn/Winter 2021/2022 collection. As scents are personal to an individual, the looks from the collection are personal to a woman’s style taste, with looks mirroring the creation of the sweetest perfume. Both George Azzi and Assad Osta have once … More Azzi & Osta’s Couture A/w 2021/2022 Collection ‘Weaving The Wind’, Totally Inspired By The Intricacies Of Perfume

Lebanese Designer Hussein Bazaza’s New Collection Explores Predation In Human Lives

Lebanese designer Hussein Bazaza has unveiled his powerful new collection exploring the relation between social human behavior and predation. Through the aptly named collection Predation, Bazaza weaves a story of the dynamic between a predator dominating its prey, the aspects of which are present in all of our lives, such as our relationships, careers, cultures, and more. Far from … More Lebanese Designer Hussein Bazaza’s New Collection Explores Predation In Human Lives

Diptyque’s New Fragrance Traces the Path Of An Iconic Arab Explorer

Celebrating the French fragrance maison‘s 60th anniversary, Diptique’s new launch – Eau Rihla – has a special connection to the Middle East. Named after the Arabic word Rihla, meaning journey, the new frageance was inspired by the 14 century globe – trotting merchant, Ibn Battuta and his travels throughout the known world. Perfumer Fabrice Pellegrin drew his inspiration directly from … More Diptyque’s New Fragrance Traces the Path Of An Iconic Arab Explorer

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