Retail
Chanel hikes prices in China
Prices for the French design house’s pieces have risen by between 6 and 8 per cent
Chanel increased the prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years.
The company also raised prices in Taiwan, Thailand, Malaysia, Australia and Japan, a spokesperson for the luxury brand said, citing fluctuations in exchange rates. Overall, prices have risen between 6 and 8 per cent
“This is something we regularly do, in line with our commitments made in terms of ...
