Who: Chanel is a French fashion house that focuses on women’s Haute Couture and ready-to-wear clothes along with luxury goods and accessories. In her youth, Gabrielle Chanel gained the nickname “Coco” ...

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A Chanel handbag is classic, designed to withstand upheavals in fashion and taste. But not price. The Paris-based fashion house has announced that the prices will go up in Europe, and down in Asia.