Raw material costs at root of Chanel price hike
14/05/2020
Luxury brand Chanel has said it intends to increase the price of some of its most famous bags by up to 17%.
It told Reuters that the increases are Chanel’s response to rising raw material costs amid the covid-19 pandemic.
Products affected include the 11.12, Boy, 2.55, Gabrielle and Chanel 19 bags. The increases apply worldwide.
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