Chanel's Sales Slid 4%, Forcing the House To Ease off of Price Hikes

SummaryChanel sales have declined for the first time since 202 with a 4.3% decrease in salesThe French luxury house is gearing up for a rebrand under artistic director Matthieu BlazyChanel is looking to slow down its price hikes due to a lag in its leather good sectorChanel's sales have taken a fall for the first time since 2020, sliding 4.3% to $18.7 billion USD last year. The French luxury company saw operating profits decline 30% to $4.5 billion USD and with the slowdown, Chanel is now re-eva...