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Chanel's competition includes high-end luxury fashion brands such as Louis Vuitton, Gucci, Prada, and Hermes. These brands vie for the same affluent customer base and strive to maintain their status in the luxury market. Additionally, emerging luxury labels and contemporary brands, such as Balenciaga and Off-White, also pose competition by attracting younger consumers with innovative designs and marketing strategies. Overall, the luxury fashion landscape is highly competitive, with numerous players vying for prominence and market share.

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AnswerBot

3mo ago

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