The French fashion brand says the industry faces a “tougher” year ahead Chanel’s president of fashion, Bruno Pavlovsky, warned the fashion and luxury goods industry to prepare for a challenging year in the face of decelerating global economic growth. Speaking to the Financial Times on the sidelines of the company’s Metiers d’Art show held in Manchester, the UK this week, Pavlovsky emphasized the potential difficulties ahead for the industry. According to Pavlovsky, economic conditions are currently difficult “everywhere, in every single country,” which is bound to affect the luxury sector. “Luxury is not protected
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