The luxury brand is citing higher materials costs for raising handbag prices three times in a year.
Chanel Tests Purse Lovers With $3,000 Price Hikes - WSJ
Chanel’s most popular handbag is now more expensive than an Hermès Birkin for the first time. Investors should take note.
Mon Dieu! Chanel Challenges Hermès in Bag War - WSJ
The Luxury Price Boom: Why You Should Invest in Chanel Handbags Today, Handbags and Accessories
Price increases have been a focal point of discussion in the past, but recent upticks are being linked to Birkin popularity and more, per some experts.
Chanel Bag's 60 Percent Price Increase Could Be Part of Strategy Against Competitors Like Hermès
Double-digit prices hikes have reached the fashion industry. Luxury handbag collector Alyssa Lenore, 31, purchased a Chanel classic flap bag in May 2020 for $5,800. Later that month, the price jumped to around $6,300. Similar bags have jumped nearly 63% since 2019, but demand for these items continues. Watch the video to learn what's driving the rise in prices of these luxury handbags, and how it will impact Chanel.
Why it costs almost $10,000 to buy this popular Chanel bag
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