Designer Handbags From Chanel Will Now Cost More As It Hikes Prices
5 luxury bags with the best investment value over time: start your collection with the classic Louis Vuitton Neverfull or Chanel Flap Bag, Hermès' exclusive Birkin and Kelly, or Telfar's Shopping Bag
Chanel Hikes up the Prices of Its Most Classic Bags by at Least 60%
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.
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