By the global financial crisis, the world’s luxury goods consumption is becoming a rapid downward trend. According to France’s largest trade union Total trade unions (CGT) said that international brands Chanel (Chanel) at the weekend issued a statement, intends to layoff 200 people, of which only the first block is located in Paris on the 31st Street Cambon 16 people will be laid off, The remaining staff will be fixed jobs, temporary contract workers be treated differently, the new labor contract will officially come into effect this week.

Is laid off 200 people is equivalent to the workload of Chanel 10% yield

Chanel, according to insiders, the layoffs in 1939, following the founder of Cocoa Chanel – Chanel because of a civil war broke out in the dismissal of all staff since the brand suffered the most serious economic events. Workload of 200 people, representing 10% Chanel production. Chanel, a company spokesman said: “In the current international situation, we need to re-set investment and development plan.”

Chanel luxury industry layoffs into atrophy signs signal

Cambon Street layoffs began on the 31st, be regarded as luxury goods industry to shrink a signal. In recent years, affected by the global economic impact of the good momentum of development, luxury goods industry is almost an industry profits. But in the current global financial crisis, the industry will inevitably suffer. JP Morgan Chase Group analysts believe that in 2009 global sales of luxury goods industry will be reduced by at least 4%.

Former arrogance luxury brands such as PRADA, have begun to discount the

Italian jewelry brand Bulgari (Bulgari) is also expected 2008 sales will drop, the brand’s performance in 2009 indicated that he did not optimistic. Italian brand Prada family Christmas discounts posters put up, so surprise fashion professionals. Louis Vuitton has also delayed the opening of new stores in Tokyo, Japan plans