A Chanel handbag is classic, designed to withstand upheavals in fashion and taste. But not price. The Paris-based fashion house has announced that the prices will go up in Europe, and down in Asia.
The move will affect the 11.12, the 2.55, and the Boy Bag models.
At the moment, there's a significant difference in cost between the two regions. Hana Ben-Shabat, a retail and consumer goods specialist at A.T. Kearney, tells NPR that a bag that costs $3,500 in Europe can run up to $6,000 in China.