PARIS — Two major French luxury brands revealed further cost-cutting moves Monday, as Chanel said it will close two stores in Japan and the jeweler Chopard revealed it has trimmed 36 jobs.
Chanel plans to close stores in Kyushu and Osaka, leaving it with 37 stores in Japan. The boutiques to be shuttered are in areas no longer frequented by luxury clientele, a company spokeswoman said. Chanel’s planned store renovations and openings in Japan will go ahead, however. This includes a big new store in Tokyo’s Aoyama district next spring.
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