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Crunch time for luxury brands Yet reports this week that Morgan, nhl jerseys the clothing store, is going into administration didn t prompt a fraction of that doleful coverage. If you haven t stolen pick n mix from a shop as a child, it seems, the place isn t deserving of your loyalty. Or so we thought until we heard that Chanel is to lay off 200 staff. Now Chanel may be to luxury cheap moncler jackets women what Woolworths is to frugality the kind of place girls get shrill about without ever having been there but it does have the advantage of selling things people might actually want, and indeed lust for, yearn after, kill for. So will a team of celebrity women led by Mrs Cameron now be photographed shopping at a place they actually use? For women, there s no doubt that those interlinked C s epitomise all that s good, ambitious and shamelessly materialistic about our sex. Yet to experience sympathy for expensive brands seems an emotion too far. Do our hearts bleed at the thought of Bernard Arnaud of LVMH, the world s biggest luxury conglomerate, being forced to turn right instead of left when he boards a plane? Surely not. But we do feel fiercely protective of the aspiration that these super luxe brands epitomise. According to Silvia Fendi, creative director of Fendi, jewellery, luxury is about "having the best. not just for the trend of the moment, but to have something for life that has been made to the highest quality". One day, we promised ourselves, moncler vest jacket when I get that job/millionaire/lucky lottery ticket, I will have a quilted handbag that didn t cost 29 on eBay and come with "Chanelle" printed in the faux leather lining. That day never came, of course, and now it s less likely that it will. Yet we still need these out of reach brands. "Luxury Moncler bastille Men Down Short no Hat zip Black Jakcets red moncler jacket isn t going out of style it just needs to change its style," says designer Tom Ford. Perhaps. Still we expected Chanel, which first opened as a milliners in 1909, to remain immune from all this unpleasantness. Until recently, luxury retailers were faring far better than their mass market rivals. Beverley MONCLER Fur collar and long sections Black coats Aspinall, the managing director of Fortnum Mason, puts it down to the cold feet of the super rich. "People with a lot of money have started to worry," she says. "They re starting to believe that something unthinkable could happen." Credit crunch aside, the fact that Chanel has been hit proves to all those hedge fund wives that they may find themselves in the middle of a GFC: moncler outlet reviews global fashion crisis. Already, grubby little words like "recessionista" and "chic onomic" are being forced upon them. And there s worse to come. LVMH has suffered a 44 per cent fall in its share value in 2008, and Richemont, the Swiss company that owns Cartier and Montblanc, has suffered a similar loss. High end stores such as Harrods and Harvey Nichols are Moncler Gueran coats Women down milky white crammed full of designer sale merchandise, over ordered in happier times and now devalued not only by its price tag but by the very fact that there is so much of it lying around unwanted. But in the illogical, criminally superficial female psyche, one luxury brand will never lose its lustre. Having survived the Great Depression, Coco Chanel was as defensive of her brand as we appear to be today. "I love luxury," she declared. "And luxury lies not in richness and ornateness but in the absence of vulgarity. Vulgarity is the ugliest word in our language. I stay in the game to fight it." What a shame, then, that our footballers wives may be the only ones left able to afford moncler jackets official website her brand

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