Even Chanel is not imune~

WOW! That said, remember that Chanel bought Lesage, the passementerie and millinery workshops, and the jasmine fields that grow the fragrances for their perfumes.

The business news keeps talking about the drop in the luxury market. People who have money are less likely to spend it on suits you can wear only once or twice.

I worked on the text for the CD of my Chanel collection this morning. When I first wrote it, I pointed out that many of the "Chanel" techniques were nothing more than traditional couture techniques. Today I added a comment about a seam on the Chanels that I have now seen on a Schiaparelli jacket.

What goes around comes around. C
 
I once read a history of Tiffany & Co. The author said that during the 1930s depression, the rich kept buying apace, but cut back on monogramming as their big economy measure.:o
 
Interesting. Just a month or so ago there was a report that some luxury companies like Gucci were starting to suffer, but that the top luxury companies like LV were not being affected. Which shows that even the truly rich are starting to worry.
 
Originally posted by fuzzylizzie
Which shows that even the truly rich are starting to worry.
Click to expand...
Or that these places were heightened by the gluton of the late 90s, and items were purchased by many with credit card mania that really couldn't afford it in the first place. Now that the days of easy credit are gone, perhaps this is one of the places that will show.
 
One thing I learned while visiting couture houses is that a mid-east wedding can keep a house in business for a year. Since the price of oil is down, the weddings may be less lavish and the overall spending reduced. This would affecto all of the couture houses. C
 
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