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Chanel winning fight against luxury grey market, says executive

People looking at pictures during the opening exhibition of German photographer Karl Lagerfeld, head designer and creative director of the fashion house Chanel in Havana, Cuba on April 28.


CHANEL, the world's second largest luxury brand, said on Monday its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.

The company narrowed its price gaps between the United States,...

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