Chanel to increase prices of certain handbags and small leather goods

French fashion house Chanel is to increase the price of certain products
to help offset rising costs of raw materials during the Covid-19
pandemic.

The price increases will range between 5 and 17 percent and will affect
Chanel’s iconic handbags, 11.12 and 2.55, as well as Boy, Gabrielle, Chanel
19 bags and certain small leather goods, the company said in a statement
seen by Reuters.

“These adjustments are made while ensuring that we avoid excessive price
differentials between countries, in line with our commitments regarding
price harmonization,” the brand said.

Photo credit: Chanel backstage AW20-21