In another sign that the economy is on a steady decline Chanel has cancelled the remainder of the Chanel Mobile Art Tour. Designed by Chanel creative director Karl Lagerfeld and architect Zaha Hadid, the pre-fabricated pod was used a mobile museum that featured art work inspired by the Chanel quilted 2.55 chain-strap handbag. The Mobile Art tour was launched in Hong Kong in March, followed by Tokyo and recently made a stop in New York. It will not continue to Paris, London or Moscow. According to a Chanel spokeswoman “Considering the current economic crisis, we decided it was best to stop the project. We will be concentrating on strategic growth investments.”