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Chanel reports 28% drop in full-year profit
Chanel reports 28% drop in full-year profit
Economy
by  AFP

French luxury group Chanel said Tuesday that it suffered a 28.2-percent drop in net profit to $3.4 billion last year because of "challenging" conditions in some markets. "We saw challenging macroeconomic conditions which had an impact on sales in some markets," the CEO of the fashion house, Leena Nair, said in a statement.