How will new crypto bill impact stablecoin industry?
Why is Tesla delaying Robotaxi launch in Austin?
How are Trump tariffs affecting US auto imports?
Why did Target sales drop amid tariff concerns?
What caused Nvidia to call US chip export controls a failure?
How will Senate stablecoin bill affect crypto market?
Why is Walmart warning of price hikes due to tariffs?
What triggered M&S cyberattack loss of $400 million?
How is Google integrating AI into search experiences?
Chanel’s profits plunge 28% as global turbulence threatens the luxury giant’s pricing power
fortune.com/europe/2025/05/21/chanel-profits-plunge-28-global-turbulence-threatens-luxury-giants-pricing-power-leena-nair
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…
This story appeared on fortune.com, 2025-05-21 09:58:37.