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Chanel has raised global prices on some of its classic handbags by almost two-thirds since the end of 2019.
Chanel shook the fashion industry, announcing that the some of its most iconic handbags' prices would raise once again. Yet, the gradual price increase of Chanel bags is not a stand-alone phenomenon. Luxury prices have been skyrocketing for decades, at over twice the rate of inflation. In a typical year, luxury brands
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This summer, Madison Avenue Spy was the first publication to report that Chanel would be raising their prices 20% to 30% on classic handbags. Chanel customers w
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