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Chanel Sees Trouble Through 2021: What Happens Now?

The French megabrand blew past $12 billion in sales in 2019, but it's not immune to the devastating financial effects of the coronavirus pandemic and expects to see significant contraction well into next year.
Gigi Hadid walks the Chanel Ready-to-Wear Autumn/Winter 2020-2021 show during Paris Fashion Week | Source: Getty Images
By
  • Lauren Sherman

PARIS, France

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