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The label, known for its tweed suits and $4,300-plus quilted leather bags, already sells perfumes online, like its Chanel No. 5, as well as eyeglasses and beauty products.But it will draw the line there for the foreseeable future, Bruno Pavlovsky, president of fashion at Chanel, said.Chanel's out-of-step attitude was not a drag on the business, Pavlovsky said, adding that the label, founded by Gabrielle "Coco" Chanel in 1910, was reaching an increasingly young audience and had waiting lists for best-selling bags.According to figures filed with the Amsterdam exchange, Chanel's net profit fell nearly 35 percent in 2016 and sales dropped 9 percent to $5.7 billion.
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