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Chanel Acts on Prices as Euro Worsens Gray Market | WSJ

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PARIS—French fashion house Chanel said Tuesday it would increase prices in Europe on some of its prestigious handbags while slashing them in China in a bid to eliminate a growing price gap between Europe and Asia caused by the weakened euro.

Chanel said the price changes would take effect on April 8 and are required to eliminate a flourishing gray market for travelers who have been taking advantage of the vast price differential,…

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Chanel Acts on Prices as Euro Worsens Gray Market.

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