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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: Chanel closing handbag tour due to meltdown AFP - 2 hours 13 minutes ago PARIS (AFP) - - Chanel is calling a halt to a mobile art exhibition featuring its iconic quilted handbag and chain in order to refocus on strategic investments in troubled economic times, the company said Friday. The handbag show, recently in New York's Central Park and due to have travelled on to London, was housed in a white spaceship-like mobile art gallery designed by Iraqi-born British architect Zaha Hadid, and included works by 15 artists inspired by the purse created in 1955. "In the current context we have to arbitrate. We prefer to refocus on our strategic investments in terms of development," a company spokeswoman told AFP. Given the financial meltdown, the company instead would concentrate on opening boutiques and developing products rather than continuing with an operation "where we weren't selling anything," she added. The Chanel Mobile Art exhibition began on February 27 in Hong Kong and then went on to Tokyo and New York. Due to have lasted two years, it was scheduled to travel to London and Moscow next year before ending in Paris in 2010. The 180-ton pavilion made of 700 pieces was built in Yorkshire in northern England and shipped piece by piece in more than 50 cargo containers. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Entertainment & Lifestyle Police: Man broke into Paris Hilton's homeAP - 40 minutes ago Web site lets fans sing with the KingAP - 1 hour 17 minutes ago Jermaine Dupri says Janet Jackson is not pregnantAP - 1 hour 36 minutes ago 'Johnny Mad Dog' cast accuses director of broken promisesAFP - 1 hour 56 minutes ago Videogame music, the "new art form"AFP - 2 hours 2 minutes ago Enlarge Photo A general view of Chanel Contemporary Art Container by Zaha Hadid at Rumsey Playfield, Central Park in New York, October 2008. Chanel is calling a halt to a mobile art exhibition featuring its iconic quilted handbag and chain in order to refocus on strategic investments in troubled economic times, the company has said. Most Popular – Entertainment Viewed Global economy seen sinking into 'severe' 2009 recession: report New York oil price slumps below $34 a barrel Actress Jennifer Aniston appears naked in GQ magazine Ageing L'Oreal heiress defends billion-dollar giveaway 'Orderly' bankruptcy mulled for US carmakers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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