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CHANEL ACQUIRES LONDON FLAGSHIP FOR £310M IN WEST END

Published: 09/10/2020

Chanel has reportedly signed a deal and bought its London flagship store for £310 million. The deal was agreed last week despite a decline in sales and shopper numbers in the West End district.

As reported by "The Times", the Bond Street store has been snapped up for £70 million more than the initial £240 million asking price, The Times reported.

The store is arranged over three floors and sells the brand’s clothing, fine jewellery and beauty products.