Chanel has increased prices of three classic handbags styles by approximately six percent, effective November 1, 2018. In July, we reported that Chanel was raising their prices on several classic and seasonal styles. On October 17, Chanel released a statement saying that price increases are inevitable due to inflation and rising costs of production and materials; therefore, the prices of three bags, the Timeless Classic, Boy Chanel and 2.55 Reissue have been increased.
Gabrielle Bonheur “Coco” Chanel (August 19 1883 – January 10 1971)
Gabrielle “Coco” Chanel would have turned 135 today. But why are we still raising a glass to her after all those years? Because she changed everything. While it sounds radical, she changed a lot more than you realize. Break out your pearls and red lipstick, douse yourself in Chanel No. 5, and grab your quilted 2.55 handbag, this post is dedicated to one of the most influential fashion forces who ever lived.
Cheers to you, Coco!
Breaking news, Chanel lovers!
Just after Chanel revealed earnings for the first time in its 108-year history, prices of select handbags are increasing on July 1, 2018 in all US Chanel boutiques. It’s no secret that Chanel handbags go up in value. But how much will they increase? Keep reading to find out.