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Chanel says increasing prices on handbags, small leather goods

Published 05/13/2020, 09:39 AM
Updated 05/13/2020, 09:40 AM
© Reuters. People queue to enter the Chanel boutique at a department store amid the coronavirus disease (COVID-19) outbreak, in Seoul

MILAN/PARIS (Reuters) - French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide to take into account a rise in the cost of raw materials amid the coronavirus pandemic.

In an emailed statement responding to a Reuters query, Chanel said the price increases in euros ranged between 5% and 17%.

"The price adjustments only regard Chanel's iconic handbags, 11.12 and 2.55, as well as Boy, Gabrielle, Chanel 19 bags and certain small leather goods," it said.

© Reuters. People queue to enter the Chanel boutique at a department store amid the coronavirus disease (COVID-19) outbreak, in Seoul

"These adjustments are made while ensuring that we avoid excessive price differentials between countries, in line with our commitments regarding price harmonization."

Latest comments

Previously, Reuter articles said people dont buy unnessary stuff, therefore price for shoes, handbags,etc r reduced. This proves it wrong. And i havent seen price goes down for anything.
New handbag coming from Chanel, it's the Corona 19 limited to their wealthier clients limited run 19k. one needs Chanel profiteering at a time when the wealthy are going to food lines who does the Chanel family think they are boycott.
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