Handbags at dawn: Chanel duels South Korean resellers in luxury boom, ET Retail
Handbags at dawn: Chanel duels South Korean resellers in luxury boom - BusinessWorld Online
Frenzy over high-end goods sees Koreans hoard Chanel bags, not toilet paper
It is 7 a.m. on a Monday. Hong Mi-jin, 35, an office worker in Seoul, makes a fresh pot of coffee and jumps into the shower. Twenty minutes later, she comes out with a big towel wrapped around her hair. Rummaging through her closet, she picks out a Theory knit top and matching block skirt, Sandro tweed jacket and Givenchy’s Antigona bag -- a set of items rented from different luxury rental sites. “It is stressful f
Weekender] From Chanel to Gucci: Korean women turn into designer rent-a-holics
SEOUL--As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 percent or more.
Handbags at dawn: Chanel duels South Korean resellers in luxury boom
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