People line up to buy Chanel bags on rumors of price hikes - The Korea Times

People are lining up in front of Chanel stores upon rumors that there will be price hikes next month. Luxury brands, including Chanel, have usually raised prices steeply after such rumors ― which is suspected to be one of their business tactics.

People line up to buy Chanel bags on rumors of price hikes - The Korea Times

EXCLUSIVE] Seoul considers suspending Chanel's business to prevent another cluster infections - The Korea Times

Chanel shunned by customers after 2nd price hike of 2022 - The Korea Times

Focus: Handbags at dawn: Chanel duels South Korean resellers in luxury boom

SEOUL (Reuters) -As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20% or more. The storied French fashion and luxury company told Reuters it has seen traffic to its boutiques in South Korea skid since it began screening for customers it believed might be stocking up purely to flip to others in the resale market. Chanel's strategy, implemented since July last year, came as global demand for luxury goods was picking up after the worst of the coronavirus pandemic.

Handbags at dawn: Chanel duels South Korean resellers in luxury boom

French luxury brand confirms it is raising prices on certain handbags and leather items by up to 17 per cent, after rumours of increase spark long queues at stores in Korea and China.

Chanel raising handbag prices; shoppers in South Korea, China, queue from dawn to buy before increases kick in

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SEOUL, April 8 (Korea Bizwire) — Expensive luxury brands are racking up strong sales despite the coronavirus outbreak. Consumers, …

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