Armed Gang Robs Chanel Boutique in Paris

The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File
The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File
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Armed Gang Robs Chanel Boutique in Paris

The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File
The Chanel outlet is one of many high-end jewelry stores in the Place Vendome neighborhood. BERTRAND GUAY AFP/File

An armed gang on Thursday robbed a Chanel watch and jewelry store near the swanky Place Vendome in central Paris in broad daylight, police told AFP.

Nobody was hurt during the heist, and there was no immediate indication of the bounty's value, AFP said.

Police said at least one of the four, who were all masked and wore helmets, carried an assault rifle, with a witness saying that the others also had automatic weapons.

They made their getaway on two motorbikes in a scene that was filmed by a bystander and widely shared on social media.

The clip shows three people dressed in black leaving the boutique while a fourth, carrying an assault rifle on a shoulder strap, waited on a motorcycle.

A witness, 26-year-old Anastasia Martino who works in a clothes store across from Chanel said she was on a cigarette break when she noticed "a man with a Kalashnikov on a motorbike", at around 2:30 pm (1230 GMT).

"Two minutes later, three other men left the boutique carrying big black bags. They, too, had automatic weapons, got on two motorbikes and left in a hurry."

Her colleague, 31-year-old Cyril Ngo, said the heist lasted a full 10 minutes. "These weren't professionals," he said.

The Chanel shop is located on Rue de La Paix, close to Place Vendome, an area with a high concentration of luxury jewelry stores.

Police cordoned off the area shortly after the robbery, and the store was shuttered.

Chanel, founded in 1910 by Coco Chanel, is one of France's leading fashion houses, selling haute couture and ready-to-wear clothes, perfumes, accessories and other luxury items.



Burberry Announces Turnaround Plan as Sales Continue to Slide

FILED - 22 August 2018, England, London: A general view of the Burberry logo displayed on the facade of its store in New Bond Street. Photo: Yui Mok/PA Wire/dpa
FILED - 22 August 2018, England, London: A general view of the Burberry logo displayed on the facade of its store in New Bond Street. Photo: Yui Mok/PA Wire/dpa
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Burberry Announces Turnaround Plan as Sales Continue to Slide

FILED - 22 August 2018, England, London: A general view of the Burberry logo displayed on the facade of its store in New Bond Street. Photo: Yui Mok/PA Wire/dpa
FILED - 22 August 2018, England, London: A general view of the Burberry logo displayed on the facade of its store in New Bond Street. Photo: Yui Mok/PA Wire/dpa

Burberry's new CEO Joshua Schulman announced a turnaround strategy for the struggling British luxury brand on Thursday, as sales continued to slide in its second quarter.
Burberry suspended its dividend for 2025 and announced a 40 million pound ($50.73 million) cost savings program. According to Reuters, Schulman said the brand needed to focus back on outerwear and its core customer.
"Today, we are acting with urgency to course correct, stabilize the business and position Burberry for a return to sustainable, profitable growth," Schulman said in a statement.
Sales in Burberry's second quarter ending Sept. 28 fell at the same pace as the first, with revenue for the first half down 20% in constant currency.