CHANEL'S LONDON FLAGSHIP STORE IS UP FOR SALE! The Pandemic's Impact on Luxury

Chanel’s London Flagship on Bond Street is up for sale, with the owner looking for offers in excess of £240 million / $315 million. Chanel have/had a 25 year lease on the building which only started in 2013.
What does this mean for Chanel? Do you think they’ll buy the building? Relocate? Why do you think the sale is happening and do you think this is the start of a recession?

Share your thoughts in the comments, and special thinks to Andrew Evans and Cinzia Rogato who let me know about this interesting topic!
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Farfetch & Senreve coupon codes shown here were provided to me by the brands for vids I included them in in July & August 2020.
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FARFETCH Code
Use code FF10SOPHIE at checkout for 10% off your first Farfetch order.
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Use: SOPHIE at the checkout to get $50 off orders over $300 at Senreve
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INFORMATION SOURCES:

https://bit.ly/31EViyD

https://www.retailgazette.co.uk/blog/2020/08/chanel-bond-street-store-on-sale-for-240m-as-luxury-sector-sees-glimmer-of-hope/

https://www.forbes.com/sites/lelalondon/2020/08/26/you-can-now-buy-the-chanel-store-on-bond-street-for-315-million/

https://www.businessinsider.com/london-bond-street-chanel-store-sale-315-million-2020-8?r=US&IR=T

Видео CHANEL'S LONDON FLAGSHIP STORE IS UP FOR SALE! The Pandemic's Impact on Luxury канала Sophie Shohet | Fashion Beauty Lifestyle