Collecting Luxury

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Chanel Price Increase August 2022

Well we all thought this was good to be true, especially us collectors in North America, as the Euro against the Dollar has almost been equal! That means we could get Chanel bags for about $1-3k in savings if we purchased from overseas in Europe. NOW - Chanel has learned that those prices are just a bit too low in Europe and they need to be streamlined across the world, making sure their products retail for about the same in each country.

To do that, they are raising their prices throughout Europe, could be effective as this WEEK! Yes, the French luxury brand will be implementing these price increases as soon as possible. Right NOW, and I mean today, if you are in Europe or have access to someone there to shop for you, might be a good time to pick up that early holiday gift from Chanel as they are not getting any cheaper!

What do you think of another price increase for Chanel in 2022? Can the brand withstand these higher prices?? Can the customers withstand these higher prices?? COMMENT BELOW!