The price of Chanel’s quilted leather 2.55 handbag has risen 29 per cent to over US$9,000. The French luxury brand justified the rise by citing higher costs and exchange rate changes.
The price of Chanel’s quilted leather 2.55 handbag has risen 29 per cent to over US$9,000. The French luxury brand justified the rise by citing higher costs and exchange rate changes.
Fashion

Chanel raises prices on handbags again ahead of holiday season, and by up to 29 per cent; company cites rising costs and exchange rates to justify increases

  • The French luxury brand has increased the price of two of its handbags – the Classic by 16 per cent, to US$8,400, and the 2.55 by 29 per cent, to over US$9,000
  • Earlier Chanel had forecast a double-digit increase in 2021 profits over 2019 after having a good pandemic – and did not rule out further price increases

The price of Chanel’s quilted leather 2.55 handbag has risen 29 per cent to over US$9,000. The French luxury brand justified the rise by citing higher costs and exchange rate changes.
The price of Chanel’s quilted leather 2.55 handbag has risen 29 per cent to over US$9,000. The French luxury brand justified the rise by citing higher costs and exchange rate changes.
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