18 February 2022

A spokesperson for Louis Vuitton in China, speaking to Reuters, revealed that the fashion brand will raise prices this week as a result of increased manufacturing and transportation costs, reports ILM.

 

 

The price increases will reportedly affect Louis Vuitton stores worldwide and will cover leather goods, fashion accessories and perfumes.


“The price adjustment takes into account changes in production costs, raw materials, transportation as well as inflation,” the label said.


Bloggers on Chinese social media, without citing sources, have said that the price of some models of handbags such as Capucines and Neverfull, now priced at RMB46,500 (US$7,323) and RMB12,000 (US$1,890) respectively, would rise by 20% or more in China.


Meanwhile, luxury market tracking website PurseBop speculated that increases could appear between 4% at the lower end and as much as 15-18% at the higher end.

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.

 

We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.

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