Chanel handbag prices rise by up to 29 per cent ahead of holiday season

French luxury brand Chanel has hiked prices of some of its most sought after handbags at a time when strong consumer demand and low stocks in the run-up to the holiday shopping season are boosting their exclusivity.Privately owned Chanel, one of the biggest brands in the €280 billion (US$340 billion) global luxury industry, and rival Louis Vuitton, owned by LVMH, have weathered the coronavirus crisis better than most other retailers and have raised prices several times to boost their profit…

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