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In July 2002, a jewelry and watch outlet opened on Madison Avenue. Within months, a 1,000-square-foot (90 m 2) shoe/handbag boutique opened next door. Chanel continued to expand in the United States and by December 2002, operated 25 U.S. boutiques. [9] The Chanel flagship store at Prince's Building, Hong Kong
For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. [7] In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. [8] The company operates in 50 countries with more than 460 stores worldwide.
Inspired by the straps found on soldiers' bags she added thin straps and introduced the resulting design to the market in 1929. [1][2] After her successful comeback to the fashion industry in 1954, Chanel decided to update her handbag. The resulting design was called 2.55 after the date of creation, February 1955. [1]
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