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Chanel restricts sales to Russians living abroad enraging socialites

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The luxury brand began their own protest against Russia’s invasion of Ukraine

After pulling out of Russia last month, Chanel is now also unavailable to many Russians living overseas.

A group of Russian socialites have been banned from purchasing the luxury goods in stores around the world.

One influencer Liza Litvin was denied a Chanel bag purchase in a Dubai mall, taking to social media to express her fury.

Russians took to their social media pages to post photos of the form Chanel requires them to sign in order to purchase products. SOURCE: Twitter

She posted that the company will only sell stock to Russian customers after they agree that they won’t wear the product in Russia.

Chanel’s corporate office in France confirmed that the new policy has been imposed in response to the European Union’s sanctions on luxury items.

These regulations “prohibit the sale, directly or indirectly, of luxury items to any natural, legal person or entity in the Russian Federation or for use in the Russian Federation”.

Chanel says they “understand that these measures may create certain inconveniences for some customers” but assured that they are working on improving the procedure.

Many have taken to social media to condemn Chanel and to boycott them posting videos of themselves destroying bags.

Some of these celebrities have said that if Chanel doesn’t respect consumers then they can’t expect consumers to respect the brand.

One Russian singer and TV fashion show presenter Anna Kalashnikova was also barred from purchasing earrings and a bag at a Chanel store in Dubai.

But the celebrity pushed back, drawing a double standard as “Coco Chanel was not only a mistress of a Nazi officer but an agent of German intelligence”.

Whether Coco Chanel’s history as a member of the Third Reich will change anything remains unclear for the moment Russians living abroad remain shocked about the turn of events.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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