A woman with a grey and white check Louis Vuitton bag attends a fashion show in Milan, Italy. Chanel and Louis Vuitton are raising prices to preserve their margins amid rising costs. Photo: Shutterstock

First Chanel, now Louis Vuitton – will prices of more luxury brands go up after losses during coronavirus lockdowns?

  • Chanel is increasing prices on handbags and some other leather goods by up to 17 per cent; the price of a Louis Vuitton bag has risen by nearly 14 per cent
  • Analysts say the strongest brands may be tempted to raise prices to make up for lost sales due to coronavirus lockdowns
Topic |   Chanel
A woman with a grey and white check Louis Vuitton bag attends a fashion show in Milan, Italy. Chanel and Louis Vuitton are raising prices to preserve their margins amid rising costs. Photo: Shutterstock
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