Top-tier brands like Chanel and Louis Vuitton are hiking prices in what looks like a bid to pad margins, cushion the impact of lower sales volumes and capitalise on the China rebound.
Why Luxury Brands Are Raising Prices in a Pandemic
Louis Vuitton Announces Global Price Increase
Hermès Shows Little Wear From Covid-19 Pandemic - WSJ
Leading luxury brands have increased prices of some handbag lines, ostensibly to protect their profit margins. Other brands may fear a backlash if they follow suit, however.
First Chanel, now Louis Vuitton – will prices of more luxury brands go up after losses during coronavirus lockdowns?
2021 was a good year for the luxury goods sector. Analysts forecast this year will be even better
What 2022 holds in store for luxury
Forget Quality And Sustainability: High Price Drives Consumer Demand For Luxury Brands
There are more millionaires from different generations and more millionaires who engage in conspicuous consumption. That means that in these uncertain times, a sector of the population is willing to spend a lot of money on a product just because it is expensive
Why luxury sales are setting records amid a world in crisis, Culture
Today, Chanel increased its prices for 2023, and we are here to share which bags are affected and by how much. It came as a surprise to absolutely no one, but considering the latest hikes for Chanel…
Chanel Increases Prices for 2023: Here's What You Need to Know - PurseBlog
Can price hikes help luxury brands amid COVID-19 pandemic? - CGTN
Louis Vuitton set to raise price tags this week as costs climb
Ready-to-wear
PARIS (AP) — Unveiling a new chapter in its illustrious history, Louis Vuitton made an indelible mark on Paris Fashion Week’s men’s shows as they premiered the debut collection by musician-turned-designer Pharrell Williams.
Pharrell fuses entertainment and fashion for confident Louis Vuitton menswear debut