Pause operations: company temporarily curtailing operations while keeping return options open
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Chanel is a French luxury fashion house founded in 1910 by Coco Chanel in Paris. It is privately owned by the Wertheimer family and has been headquartered in London since 2018. It focuses on women's ready-to-wear clothes, luxury goods and accessories.
Pause operations: company temporarily curtailing operations while keeping return options open
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Global 500Chanel, which did not officially leave the Russian market after the outbreak of the military conflict between the Russian Federation and Ukraine, began to refuse to rent space for its boutiques.
The company pauses its business in Russia. Import to Russia is suspended and all shops are closed. Shipments dropped sharply after the invasion, and very few remaining shipments are all indirect. The bulk of indirect shipments after the invasion is traded by Switzerland.
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| March 06, 2022 | Burberry joins exodus of luxury brands from Russia |
| March 05, 2022 | The owners of Louis Vuitton and Chanel will temporarily close stores in Russia |