Chanel Suffers from Financial Crisis | Heidi Mount Models for Spring Advertising Campaign

Posted on: Jan 2

You know times are tough when the iconic fashion labels of the world are struggling. Chanel is one designer who's taken a real battering in the economic downturn. It was recently forced to cut short its mobile art exhibition tour, and now comes news that 200 jobs have been axed.

Ten percent of its production team, including 16 staff members from the legendary rue Chambon boutique, were given the boot last Wednesday.

"In the current context we ... prefer to refocus on our strategic investments in terms of development," confirmed a spokesman for the French fashion house.

The Chanel representative also commented on the early cancellation of the art exhibit, adding that it wasn't wise to continue an endeavor "where we weren't selling anything."

At least one girl's future at Chanel is secure. American beauty Heidi Mount was recently revealed as the face of the spring 09 Chanel advertising campaign. The designer has teased us with body shot ads for some time now, so it's exciting to see the model responsible for that willowy form!

[Source: Hollywood Life]
[Image Source: d'n'c/Flickr]