New designers boost Chanel and Dior, others bet on mini bags
A new creative impulse has boosted sales at Dior and even more so at Chanel, while other brands are betting on mini bags and lower priced totes to lure back the fickle aspiring customer. It’s tough out there in the luxury goods market. War in Iran and rising geopolitical tensions have dented the so-called feel-good factor and dried up tourist flows, two major drivers of luxury spending.
