{
  "id": 9461072,
  "title": "Chanel plans to keep investing in China despite demand downturn",
  "url": "https://urgent.news/2026/09/24/chanel-plans-to-keep-investing-in-china-despite-demand-downturn",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T01:28:14.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/chanel-plans-keep-investing-china-despite-demand-downturn"
  },
  "original_language": "en",
  "account": "Chanel, a luxury brand, intends to continue investing in China despite the downturn affecting the country's economy and property market. In an interview for the upcoming episode of The David Rubenstein Show: Peer to Peer Conversations, Chanel's CEO Leena Nair emphasized that China remains an important market for the brand, as its clientele appreciates sophistication and refinement. Chanel recently renovated its Plaza 66 boutique in Shanghai, designed by architect Peter Marino, who is also known for his work with LVMH Moët Hennessy Louis Vuitton. Luxury brands have experienced a decline in demand in China due to an economic slowdown, a property market crisis, and a crackdown on conspicuous consumption, which has disproportionately affected the wealthy. Nevertheless, Chanel's comparable revenue in the first half of the year rose by about 16 percent, with growth observed across all regions, including China. The privately held company reported a 1.8 percent sales increase to US$19.3 billion in 2025, with the China region accounting for approximately 48 percent of revenue.",
  "summary": "Luxury brands face weak demand in the country amid an economic slowdown and property market crisis",
  "key_points": [
    "Chanel plans to invest in China despite economic downturn",
    "CEO Leena Nair highlights China's importance to brand",
    "Revenue up 16% in first half, China accounts for 48%"
  ],
  "editors_take": "Chanel's sustained investment in China signals its confidence in the market's long-term prospects, despite short-term challenges, and indicates a divergence from trends of luxury brands pulling back amid economic uncertainty.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}