Categories: Agenda

Chanel raises bag prices

The fashion world faces many difficulties due to the coronavirus outbreak. World-renowned brand Chanel has decided to raise prices for handbags and some small leather products worldwide to compensate for cost increases caused by the coronavirus epidemic.

Raised worldwide

The luxury brand announced that, due to rising raw material costs and the economic downturn caused by the epidemic, iconic Gabrielle, Boy and Chanel 19 had to raise between 5 and 17 percent euro on small leather accessories worldwide.

On the other hand, Louis Vuitton and Tiffany & Co. Some brands, like South Korea, also announced that they had hiked after loosening social distances in South Korea.

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