Quality getting worse.. Probably no more chanel :(

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Your insights are right on, I think. I’d forgotten about the Ws publishing earnings for the first time. I was not aware of the lesage change, among other things. Used to read BOF and have to get back to it, thank you for the reminder.:smile: Would you mind please linking me the article?

Yes, more bags to keep up with the increasing demand. I would not be surprised if this stuff was being secretly made in China or other country not Italy or France.

I’ve no quarrel with capitalism, but these recent developments are indicative of so much greed.
And if there was genuine concern for the House, employees, and clients, changes could be made to increase/maintain quality while still practicing good business.
 
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Your insights are right on, I think. I’d forgotten about the Ws publishing earnings for the first time. I was not aware of the lesage change, among other things. Used to read BOF and have to get back to it, thank you for the reminder.:smile: Would you mind please linking me the article?

Yes, more bags to keep up with the increasing demand. I would not be surprised if this stuff was being secretly made in China or other country not Italy or France.

I’ve no quarrel with capitalism, but these recent developments are indicative of so much greed.
And if there was genuine concern for the House, employees, and clients, changes could be made to increase/maintain quality while still practicing good business.
Ok I’ve spent the last 20 min searching for that specific one but here’s another reference as well...
 

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In case anyone needed a 2200 sweatshirt that isn’t BAD but like if you wanted to let people know what you are wearing this should do the trick
 

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I referenced a BoF article a bit up in this thread about LV and Chanel increasing prices to avoid having to shut down any retail boutiques like many other American designers are having to do cuz it would be a death knoll. Further:

1) wertheimers published earnings for the first time ever last year
2) many many rumors of a buyout circulating the last year
3) Karl is gone and not replaced by a new CD
4) brand is taking back all leased boutiques
5) milking profits like crazy - decreasing quality, outsourcing production, end of exotics, using fabrics, no more lesage artisans for bags (and not much for rtw), cutting staff benefits, reducing commissions
6) going VERY mainstream a la Michael kors. Except Michael kors quality is probably way better in every way
7) producing 10-15 million bags a year. All by machine. All rtw also but machine now as well.
8) catering more towards those desperate to wear a logo than those who want real luxury (different SE bracket)

I am sure there’s more. But just my 2 cents.
WOW! Great points! Especially about taking the Boutiques back. Something is defiantly going on. That being the case I think they also feel pressure from Dior/Gucci. I was told Dior plans to OPEN almost 25 MORE stores in the US this year. So yes everything you wrote makes complete sense!
 
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Since transitioning to Hermes, I sold several Chanel bags recently to edit my collection. The prices I received for bags bought from the early 2000s forward were much less than the vintage bag. It's telling to me what consignment shops think of the newer quality. Most of the bags I sold were classics & in good condition
 
Since transitioning to Hermes, I sold several Chanel bags recently to edit my collection. The prices I received for bags bought from the early 2000s forward were much less than the vintage bag. It's telling to me what consignment shops think of the newer quality. Most of the bags I sold were classics & in good condition
Did you keep any of your Chanel bags?
 
Nice points!!! One change I can feel is my Chanel SA is keeping texting me of new bags which i had no interest in.
OH MY SAME thing happened to me. What was even worse was around lunch I went to Chanel IT WAS EMPTY. I wanted to see Cruise in person(the colors, the feel the styles). It was so boring what they DID have it looked just like last season and the PATTEN was SO cheesy. The bags and the slgs. Even worse than that the SA seemed so uninspired by the new collection. Like she really was thinking this is a waste BC its just redundant.
 
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Taking about Chanel price increases did anyone else noticed that Chanel actually had not one but 2 price increases in space off 4 days in uk ?then suddenly after few days they go back to increase number 1,maybe they thought it’s way pushing
 
Woah! That is harsh. Customers must be upset about this,

Taking about Chanel price increases did anyone else noticed that Chanel actually had not one but 2 price increases in space off 4 days in uk ?then suddenly after few days they go back to increase number 1,maybe they thought it’s way pushing
 
I referenced a BoF article a bit up in this thread about LV and Chanel increasing prices to avoid having to shut down any retail boutiques like many other American designers are having to do cuz it would be a death knoll. Further:

1) wertheimers published earnings for the first time ever last year
2) many many rumors of a buyout circulating the last year
3) Karl is gone and not replaced by a new CD
4) brand is taking back all leased boutiques
5) milking profits like crazy - decreasing quality, outsourcing production, end of exotics, using fabrics, no more lesage artisans for bags (and not much for rtw), cutting staff benefits, reducing commissions
6) going VERY mainstream a la Michael kors. Except Michael kors quality is probably way better in every way
7) producing 10-15 million bags a year. All by machine. All rtw also but machine now as well.
8) catering more towards those desperate to wear a logo than those who want real luxury (different SE bracket)

I am sure there’s more. But just my 2 cents.

Yeah, and now that you mention it, after the financial crisis hit and when the luxury conglomerates were still performing well on the stock market and hiking prices, many of the contractors (for luxury goods) in France did take a hit. There were a number of article sin French news about it back then. The price hikes could be one way to make up the difference in volumes... It's not just Chanel that has increased prices of course, but it seems like Chanel is one of the more extreme cases, especially considering the products...
 
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