The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The luxury house’s South Korean arm issued an apology on August 8 after hackers breached its database, The Korea Herald reports.
Though data including names, birth dates, phone numbers and shopping activities were breached, information relating to payment, IDs and passwords were not leaked, the brand said.
Chanel apologised to its customers and said that as well as identifying the IP address behind the hacking, it has engaged a cybersecurity firm to investigate the matter and reported the incident to the authorities.
South Korea’s luxury sales soared in the months before a current round of restrictions were imposed to curb a new wave of Covid-19 infections; ahead of a price hike in early July, longer-than-usual lines formed outside the French brand’s boutique in Seoul’s Lotte Department Store.
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Price Hike Rumours Lengthen Lines Outside Seoul’s Chanel Boutiques
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.