The recent interview of Chanel’s CEO, Leena Nair has sparked numerous reactions among the luxury shoppers and lovers. Their price increases and alleged quality decline has made them the bud of jokes in recent years. Consumers are accusing them of wanting to be Hermes, without actually being like Hermes.
Luxury YouTube commenter Super Dacob observed that the Bloomberg interview has actually removed the commenting feature of their video specifically for the Chanel interview. It seems that the brand may have gotten several negative remarks from viewers which possibly prompted the publisher to act as such.
A YouTube comment states, “I do not support shopping at Chanel stores anymore. It’s way way too overpriced and the quality doesn’t match. I see LV & Dior are really doing so well now … I hope they learn smth from Chanel and will not NOTTTT increase their prices again.” This is apparently the sentiment among those who are interested in these luxury brands.
Yahoo Finance states, Chanel appoints Leena Nair, a former Unilever HR executive, as its new CEO, marking a shift from industry norms. Nair, with no prior fashion experience, joins Chanel in January 2022, based in London. The decision reflects Chanel’s inclusive vision amid pandemic challenges.
As a seasoned consumer-goods leader, Nair served over three decades at Unilever, notably as CHRO. Recognized for her diversity advocacy, she aims to foster inclusivity at Chanel. Nair, a British national, is celebrated for her people-centric approach.
Her appointment underscores a trend of Indian-origin leaders in global corporations. Married to businessman Kumar Nair, she expresses gratitude for the opportunity to lead Chanel.
X users complained that the recent price increases are making the brand not worth it anymore. They claim that the bags are no longer worth it as they are machine made and not handmade anymore.
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