Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
Hyundai Motor Lets Russia Plant Buyback Option Expire Amid Ongoing Ukraine War 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
Tesla Launches New Model Y Variant in the US Starting at $41,990 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
Chanel could limit customers' purchases as the company heighten its grip on product distribution amid the strong demand. The French luxury fashion house said that for this, it may duplicate and apply the same purchase limits on its quilted Classic Flap handbag to its other high-end products.
Chanel may implement this limiting of purchases in more countries and in more countries, as per Reuters. Philippe Blondiaux, Chanel's global chief financial officer, clarified that the limits will not be imposed worldwide and are only aimed at protecting customers and preventing bulk buying.
Analysts stated that the company is making this move to make its brand even more exclusive. This exclusivity is also expected to help Chanel combat the booming resale market for luxury items.
"We have sometimes to limit the number of items a single client can buy," Global CFO Blondiaux said in an interview when asked about a website that said it will only allow customers to purchase two Chanel Classic Flaps a year. Based on the report, these luxury bags can cost $10,000 each.
He added, "It can be implemented on certain product ranges and not only the flap bag. It could impact some items which are in hot demand and fortunately, or unfortunately, there are quite a lot at Chanel, so this is the kind of measure which we could implement in different countries at times."
In South Korea, Chanel is already limiting the sale of the said bag as there were always long queues to have it. It was said that people start lining up outside department stores in Seoul before dawn so they can sprint to the Chanel store as soon as the mall opens and buy the most-coveted bags.
To show how serious things have turned out, resellers told Reuters that some people even hire "line standers" who are paid up to $125 to line up early for the buyer. These people queue in long lines on behalf of the buyer, so they can be one of the first to enter the store.
Meanwhile, Business of Fashion reported that Chanel would be opening private stores for its top customers as its sales shot up 50% amid the pandemic. Blondiaux said that they are planning to launch dedicated boutiques for its top-spending clients as the company's sharp growth risks overcrowding its luxury outlets.
