The latest in rising handbag prices comes from Chanel, which put new hikes into effect on March 3 in a number of markets across the globe.
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Focus: Handbags at dawn: Chanel duels South Korean resellers in luxury boom
Chanel has raised global prices on some of its classic handbags by almost two-thirds since the end of 2019.
Chanel Handbag Prices Have Gone Up by 60% Since 2019, Aiming for Hermes Status - Bloomberg
Chanel Is Limiting South Korean Shoppers to Buying 1 Bag a Year
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Chanel Frenzy in South Korea People Camping Outside the Store
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SEOUL--As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 percent or more.
Handbags at dawn: Chanel duels South Korean resellers in luxury boom
Following reports that the brand is refusing to sell products to Russians abroad unless they agree not to wear or use them in their home country, some have taken to social media, cutting up Chanel handbags in protest.
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Russian Celebrities and Influencers Destroy Chanel Bags in Protest of 'Russophobia
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