Milan/Paris — The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 profit would be significantly hit.
Privately owned Chanel — known for its tweed suit and No 5 perfume — is one of the biggest luxury brands in the world along with LVMH's Louis Vuitton...
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