Chanel Raises Prices Again After Two Months... Coin Purse from 2.22 Million KRW to 2.98 Million KRW
[Asia Economy Reporter Lee Seung-jin] French luxury brand Chanel has raised its prices again after two months.
According to the distribution industry on the 1st, Chanel increased the prices of major handbags and coin wallets by about 10 to 36% on this day.
Among the main products with price increases, Chanel's 'Classic Cosmetic Case Chain Phone Holder' rose 36% from 2,087,000 KRW to 2,840,000 KRW, and the 'Small Chain Cosmetic Case' jumped 26% from 2,365,000 KRW to 2,980,000 KRW.
The 'Chain Mini Bag' increased 7% from 3,061,000 KRW to 3,260,000 KRW. The chain flap coin wallet, which was previously 2,226,000 KRW, rose 33.8% to 2,980,000 KRW on this day.
Regarding this price increase, Chanel stated, "We regularly adjust prices considering changes in production costs, raw materials, and exchange rate fluctuations."
They added that prices were adjusted worldwide, including in Korea, on this day.
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Previously, Chanel raised prices of major domestic products in July following February.
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