A Chanel representative yesterday denied rumors of significant layoffs in China that surfaced over the weekend and emphasized that the company remains stable. The rumors suggested that layoffs in certain departments in China could reach up to 50%, affecting areas including administration, management, and some frontline positions, while all recruitment plans in the Chinese market have been suspended. According to data, Chanel operates 18 stores in China, significantly lower than the 40 to 50 stores of its peers, and fewer than Hermès.