Focus: Handbags at dawn: Chanel duels South Korean resellers in luxury boom

As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20% or more.

Chanel duels South Korean resellers in luxury boom

As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 per cent or more. The storied French fashion and luxury company told Reuters it has seen traffic to its boutiques in South Korea skid since it began screening for customers it believed might be stocking up purely to flip to others…

Handbags at dawn: Chanel duels S Korean resellers in luxury boom

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Handbags at dawn: Chanel duels South Korean resellers in luxury

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Seoul luxury demand soars as COVID cuts travel, duty-free buying Chanel store traffic down 30% since it began screening customers Bulk buyers seek $10,000

Handbags at dawn: Chanel duels South Korean resellers in luxury boom

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