Chanel increased prices of handbags and small leather goods by up to 17 per cent in May, and has since raised prices by a further 5 per cent. While it seeks to preserve profit margins on such items, it held what looked like a jumble sale of ready-to-wear items in Hong Kong recently. Chanel increased prices of handbags and small leather goods by up to 17 per cent in May, and has since raised prices by a further 5 per cent. While it seeks to preserve profit margins on such items, it held what looked like a jumble sale of ready-to-wear items in Hong Kong recently.
Chanel increased prices of handbags and small leather goods by up to 17 per cent in May, and has since raised prices by a further 5 per cent. While it seeks to preserve profit margins on such items, it held what looked like a jumble sale of ready-to-wear items in Hong Kong recently.
Fashion

Chanel raises prices for second time in 2020, and other luxury brands are expected to follow suit

  • French luxury house confirms second price increase, and blames exchange rate fluctuations. China, Hong Kong, Japan are among the markets affected, analyst says
  • Chanel risks alienating some customers, another analyst says. The price hikes come after luxury brand held what looked like an apparel jumble sale in Hong Kong

Topic |   Fashion
Chanel increased prices of handbags and small leather goods by up to 17 per cent in May, and has since raised prices by a further 5 per cent. While it seeks to preserve profit margins on such items, it held what looked like a jumble sale of ready-to-wear items in Hong Kong recently. Chanel increased prices of handbags and small leather goods by up to 17 per cent in May, and has since raised prices by a further 5 per cent. While it seeks to preserve profit margins on such items, it held what looked like a jumble sale of ready-to-wear items in Hong Kong recently.
Chanel increased prices of handbags and small leather goods by up to 17 per cent in May, and has since raised prices by a further 5 per cent. While it seeks to preserve profit margins on such items, it held what looked like a jumble sale of ready-to-wear items in Hong Kong recently.
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