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Chanel Hikes up the Prices of Its Most Classic Bags by at Least 60%: The brand has substantially increased its prices monthly during the pandemic across the U.S.
The luxury fashion brand has raised prices, and set purchasing limits in an effort to become a more exclusive and desirable brand.. The luxury fashion brand has raised prices, and set purchasing limits in an effort to become a more exclusive and desirable brand.
Chanel Is Aiming for Hermès Status With Handbag Price Hikes
The luxury brand is citing higher materials costs for raising handbag prices three times in a year.
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Why is Chanel raising the prices of its handbags again? The answer, experts say, could be because the brand wants to make its products as exclusive as the iconic Hermès Kelly and Birkin bags.
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Cost of French luxury brand’s products had already increased 20% over past 18 months
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