Gucci handbags prices to rise after Louis Vuitton and Chanel Luxus Plus

Gucci has raised the price of handbags by up to 9%, joining rivals Louis Vuitton and Chanel in a bet their brands will still lure the wealthy, a Jefferies report said on Friday, as top luxury brands try to shake off the impact of the COVID-19 pandemic.

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The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.

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Scroll through The Real Real's Luxury Consignment Report to learn more about how to consign—and the top brands with the best resale value.

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