Luxury Consumption Is Shrinking. Chanel Wants To Lay Off 200 People.
By the whole world financial crisis The influence of the whole world Luxury goods Consumption is showing a sharp downward trend.
according to France The largest union Total Trade Union (CGT) revealed that international Chanel, a well-known brand, issued a statement at the weekend that it planned to lay off 200 people. Among them, only 31 of Kang Peng street, the first block in Paris, will lay off 16 people. The rest of the staff will be treated differently by regular workers and temporary contract workers. The new employment contract will come into effect on Wednesday.
Internal staff: Layoffs The workload of 200 people is equivalent to that of Chanel company 10%.
according to Chanel Insiders said that the layoffs were the most serious economic incidents that the brand encountered since 1939 when the founder of Chanel Coco Chanel dismissed all employees because of the outbreak of World War I. The workload of 200 people is equivalent to 10% of Chanel company's output. A spokesman for Chanel said: "in the current international situation, we need to reset our investment and development plans."
Chanel cuts to become a sign of shrinking luxury sector
The 31 layoff of Kang Peng street was seen as a sign of the shrinking of the luxury sector. In recent years, influenced by the good momentum of global economic development, the luxury industry is almost a profiteering industry. However, under the influence of the global financial crisis, the industry will inevitably be affected. Analysts at J.P. Morgan think that the sales of global luxury goods industry will be reduced by at least 4% in 2009.
Other Luxury goods Card days are not good enough, PRADA Christmas discount posters.
Italy jewelry brand Bvlgari (Bulgari) also expects sales in 2008 to decline, which is not optimistic about 2009's performance. Italy's brand family Prada put up discount posters during the Christmas season, leaving the fashion industry in the dark.
Louis Vuitton A plan to open a new store in Tokyo, Japan has also been postponed.
Editor: vivi
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