Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Chanel, a luxury fashion brand, shut down its outlet at South Korea's Galleria Department Store in Apgujeong-dong, Gangnam-gu, Seoul. The sudden closure was so unexpected that many were surprised.
However, it turned out that Chanel decided to do so due to a conflict with the department store. According to The Korea Herald, the French fashion house suspended its operations in Galleria because of the presence of its Italian rival, Gucci, within the area.
Chanel and Galleria's Conflict
It was reported that Chanel's closure was so abrupt that shoppers were unaware it had stopped the sales. Visitors to the boutique were said to have been turned away, and the brand said it had to close because of operational disruptions caused by Gucci, which set up its pop-up store.
"We closed the boutique because the department store proceeded to set up the upcoming pop-up, which will cause significant damage to the visibility and operational environment of our store," Korea Joongang Daily quoted Chanel Korea as saying. "The installation clearly violates the contract regarding the boutique's environment signed with the department store."
Chanel Korea further said it strongly regrets Galleria's decision to allow Gucci's pop-up, as the move has become a big obstruction to their pleasant partnership built through their 25-year cooperation.
Department Store Company's Response
Business insiders shared that Chanel was infuriated by the fact that the Galleria Department Store designated a space for Gucci's pop-up store in front of its boutique. Luxury brands previously occupied the area and have now been given to the Italian fashion company.
An official of Galleria was said to have felt embarrassed about Chanel's sudden shutdown. Then again, he explained, "Before launching the pop-up store, we communicated with Chanel and the other brand operating the pop-up. Although there were different views on the matter, we were working to narrow our differences."
He added, "It is rare for a brand to cease operations due to communication issues with the department store."
