After opening 39 beauty stores in 2022, Chanel signed a commercial lease for a 19,000 sq.m space in Hong Kong (at a monthly rent of US$383,000). Covering two floors in the Capitol Centre at Causeway Bay, this will be Chanel’s 3rd local store. For the group with 565 stores worldwide, whose comparable sales jumped 17% last year to US$17.2 billion (like LVMH, but less than Hermès, with comparable sales up 23%), price rises accounted for 50% of growth, and volume gained the rest. In Q1 2023, Chanel’
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