Trending Now:

Say It Isn’t So! Louis Vuitton Has Raised Its Prices

Posted on April 4, 2013 at 4:00 pm / Posted by

Louis-Vuitton-AD-w-Uma-Thurman-uma-thurman-144147_1150_699It is getting a whole lots more expensive to buy Louis Vuitton. Last month the luxury brand under the Paris-based LVMH Moet Hennessy Louis Vuitton SA umbrella overseen by Bernard Arnault raised prices in Japan by an average of 12 percent, and there have been similar increases around the world on non-leather handbags, according to analysts at HSBC. The brand raised prices on some of its iconic bags like the Speedy and the NeverFull by about 10 percent at the start of the year.

Vuitton has raised prices by at least 10 percent in the UK and US, and by 5 percent to 10 percent in Asian markets including China, Hong Kong, Taiwan, and Singapore.

It should be noted that Vuitton isn’t the only luxury brand raising its prices. Chanel has hiked up the prices on some of its classic bags by as much as 20 percent. For instance, before the price increase a Chanel classic medium flap bag cost $4,400. Post increase, expect to pay $5,280. Meanwhile Hermès marked up bags, accessories, scarves, jewelry, and shoes by nine percent at the beginning of the year.

Share your thoughts in the comments below! Will this latest round of price increases dissuade you from shopping from these luxury brands?

Related Posts

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

CONFIRM YOUR SUBSCRIPTION

Incoming… In a sec, you’re going to receive an email from The Vivant asking you to click on a link to confirm your subscription to the The Vivant newsletter.

LIKE WHAT YOU SEE? SUBSCRIBE TO OUR NEWSLETTER!

Get The Scoop On The Latest Trends:
  • Style News And Reports

  • Expert Fashion Advice

  • Celebrity Style And Gossip

  • Access To Exclusive Giveaways

WE'RE MOVING!

On December 15th, The Vivant is moving over to StyleCaster,
where you'll find all the same home, food, and lifestyle stories
you love — in an all-new location. Get excited.

Follow

Get every new post delivered to your Inbox.

Join 590 other followers