French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide to take into account a rise in the cost of raw materials amid the coronavirus pandemic.
After FF Reloaded and Fendi Mania, the Roman luxury label is launching Fendi Roma/Amor, the third collection themed around its FF monogram, teaming up with tagger Pref and Korean eyewear label Gentle Monster.
The shock arrest of the head of South Korea's Lotte for bribery sent shares in group firms plunging on Wednesday as investors fretted about a leadership vacuum at the country's fifth-largest conglomerate.
S. Korea's Lotte Group said Monday four of its stores in China were closed after inspections by authorities. It blamed a political dispute. There are also fears that S. Korean stores will see from lower Chinese tourism.