Chanel boutique on Paris's upscale Avenue Montaigne suffers million-dollar robbery

By Linh Le   June 14, 2024 | 06:21 pm PT
A Chanel store located on the prestigious Avenue Montaigne in Paris was the scene of a smash-and-grab robbery, resulting in an estimated loss of US$6.5-10.8 million.
A Chanel store. Illustration photo by Pexels

A Chanel store. Illustration photo by Pexels

According to a report by WWD, the incident occurred at around 5:15 a.m. on June 10, when four suspects drove a car into the boutique’s storefront, breaking the windows and allowing them to enter the premises.

The robbers quickly grabbed merchandise and then set the car on fire before fleeing in a second vehicle that was waiting nearby. Firefighters arrived promptly to put out the blaze.

Following the incident, a spokesperson for Chanel confirmed the details. As of now, no arrests have been made, and the police are actively seeking information to identify the suspects.

Hypebeast reports that the store, which occupies 6,500 square feet (604 square meters) and includes two floors, will remain closed indefinitely for damage assessment and necessary repairs.

This robbery is the second attack this month on a luxury boutique along Avenue Montaigne, known for being one of Paris’ most exclusive shopping streets. Previously, on May 19, a Harry Winston store on the same avenue was hit by thieves who escaped on motorbikes with several million euros’ worth of jewelry.

Police are reportedly stepping up surveillance following these repeated crimes.

In a similar incident, a Bulgari store in Rome was also targeted recently. According to The Independent, thieves broke into the shop located on Via Condotti—a street famed for its luxury boutiques in the city—by creating a hole in the shop floor, and stole jewels and watches valued at approximately 500,000 euros (US$536,920).

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