Chanel: Withdrawal from Jeju Duty Free Shop: Following Louis Vuitton
Chanel Korea:
February 8
“Duty-free fashion boutique business in Busan and Jeju City” will end on March 31st.
Concentrate on duty-free shops in Seoul and airport duty-free shops.
In addition to Seoul, Chanel operates sales floors at Lotte Duty Free Shop Busan and Jeju Duty Free Shop.
Reason for withdrawal:
In effect, the reliance on “merchant” influenced Chanel’s decision to withdraw.
What is a “merchant”?
Buy a lot of products at duty-free shops in Korea,
The business distribution structure that illegally distributes in China
It is damaging the brand value.
Louis Vuitton:
Decided to withdraw from duty-free shops in South Korea.
From March
Shilla Duty Free Shop,
Jeju store,
Lotte Duty Free Shop,
Close the Busan store.
It plans to withdraw from all duty-free shops in the city by March next year.
Adverse effects on tourism in South Korea:
The withdrawal of Louis Vuitton and Chanel is a direct hit.
Jeju tourism industry will be hit immediately.
–KED Global