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Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years.

China’s yuan weakened past the key 7 per dollar level for the first time in more than two years as a fragile economy and strength in the greenback weighed on the currency.

Offshore Yuan (CNY) Drops Past 7 Per Dollar for First Time Since 2020 - Bloomberg

Prada Sales Jump With Miu Miu Flats, Cardigans as Big Fashion Hits - Bloomberg

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A flood of ethical investors is driving down borrowing costs for companies selling debt used for environmental or social projects. That’s great if you’re a solar-panel maker, as you can issue low-cost green bonds to help pay for your new factory. Ring-fenced green funds don’t work so well if your business only spends limited amounts on infrastructure and research, or if your sustainability plans encompass a variety of different projects. That’s why fashion house Chanel opted to sell sustainabili

How Chanel Set New Fashion in Environmental Bonds: QuickTake - Bloomberg

Luxury brands raise prices to maintain earnings amid increasing costs - Global Times

Chinese cities were among the biggest movers down the rankings, mainly due to the country's slow post-pandemic recovery and subdued consumer demand

Singapore, Zurich surpass New York to become world's most expensive cities

Auto execs in the US, Europe, and Japan never thought Chinese EVs were a threat. Now they're coming to wipe the floor with their Western counterparts.