Chanel Makes Bigger UK Bet With London Office Expansion Plan
- Fashion company seeing double-digit sales growth in China now
- Chanel previously moved headquarters from New York to London
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Chanel is more than doubling its London headquarters, boosting a shaky UK economy and signaling confidence in the luxury industry’s prospects as rivals’ shares have wobbled.
The fashion company plans to expand its office space at a new property in the British capital’s exclusive Berkeley Square in Mayfair. The move by a brand historically associated with France comes amid growing concern about the UK’s loss of competitiveness post-Brexit, with several companies moving stock listings to the US or shifting manufacturing elsewhere.