The recent prices for a Chanel classic bag has increased immensely since early 2020. Right in the middle of the pandemic, the same exact bag was RM 23,790. However, the same bag is over RM48,000. The luxury brand is appearing to still be increasing their prices where a simple pouch could cost as much as a Louis Vuitton handbag.
Chanel’s prices for bags
Their 2.55 bags are arguably one of the most prominent bags they have in their catalog as it was designed by Coco Chanel herself. However, it is regarded to be one of the quieter designs they are making due to the fact that the CC logo is absent.
Apparently, in the middle of this year, the brand has reported a sale decline in the United States. The US is one of their largest markets. However, most luxury brands are suffering from this decline due to the economic recession looming world wide.
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