CHANEL raise prices again...Classic bag series all over 10 mln won

▲ This photo, a captured image from CHANEL's official website, shows CHANEL's small classic handbag. (PHOTO NOT FOR SALE) (Yonhap)

SEOUL, Nov. 3 (Yonhap) -- French luxury brand CHANEL raised some of their products’ prices again Wednesday.

This is their 4th price-raising for this year. Classic bags have risen over a million Korean won to cost over 10 million won.

CHANEL’s small classic handbag has risen from 8.93 million won by 17.8% to 10.52 million won, according to the industry.

Medium size has from 9.71 million to 11.24 million won and large size has jumped from 14.9 million to 12.1 million won.

The brand’s classic bag series’ prices have increased again after having risen 4 months ago in July.

At that time, all three sizes of classic bags rose by about a million won ; small – 7.85 million to 8.93 million won, medium – 8.64 million to 9.71 million won and large – 9.42 million to 14.9 million won.

As rumors of CHANEL’s price raising spread through online communities from last month, consumer poured into the brand’s major stores.

“CHANEL, like other luxury brands, regularly rearranges prices considering the change in producing and source material costs and exchange rate fluctuations,” explained an official from CHANEL Korea adding that the prices were changed not only in Korea but around the world as well.

Earlier the brand raised the prices of their popular products in February, July and September too.

(END)

(C) Yonhap News Agency. All Rights Reserved