Chanel Spent €118 Million on Paris Building Near Flagship Store
Chanel Ltd. splurged on a property near its main boutique in Paris last year as luxury brands seek to secure prime locations for their stores.
The building, located at 23 rue Cambon — close to Chanel's flagship boutique at No. 31 — was purchased for €118 million ($133 million) in September, according to a property database.
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