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SHANGHAI/PARIS, Feb 14 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of.
Plus, make sure to check out Louis Vuitton and Gucci while you are in China .
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,940.00,669.00SHANGHAI/PARIS, Feb 14 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of. Plus, make sure to check out Louis Vuitton and Gucci while you are in China since they have more leather goods available on the Chinese market than they do in France or most other European countries. 1. Louis Vuitton
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Louis Vuitton’s Presence in China. Over time, Louis Vuitton has significantly expanded its presence in China by opening more stores in major cities. The brand strategically raised its prices in the Chinese market as a business tactic to further defy its luxury status. 1. The United Kingdom. The cheapest country you can buy your Louis Vuitton handbag in is the United Kingdom (UK). Different stores in the UK offer great discounts, and choosing to shop from the stores in the UK means saving yourself hundreds of dollars less than you would spend if you chose to buy the jewelry from home instead. The median price for Louis Vuitton products has increased by nearly 4 per cent in China over the last year in local currency terms, according to Deloitte’s BenchMarque tool. The cost of Louis Vuitton’s assortment has also gone up in Japan and the UK, but has been flat in most other major countries.
Louis Vuitton did it twice, in March and May, (its Alma BB Bag has jumped from RMB 9,350 in April last year, to 10,400 RMB this April, and is 10,900 RMB today) while Dior increased prices on specific products. Chanel increased prices of some handbags and small leather goods globally in May, followed by Prada in July, who said “contained . Chinese Shoppers Line Up for Louis Vuitton After Price Hike. Louis Vuitton is the latest luxury giant to raise its prices in 2022, following Dior and Hermès. But will Chinese consumers keep buying? Starting from February 19, LV will raise the prices of some products in China, with an average increase of around 6%. For instance, the Carryal small handbag will increase from 19,600 yuan to 20,600 yuan, and the Carryal medium handbag will .
Sales in LVMH’s fashion and leather goods division rose 22 per cent in the third quarter to €9.69 billion, the company said on Tuesday, boosted by a return in tourist spending in Europe and early signs of improvement in China as growth slowed in the US.
According to media reports from mainland China, LV will raise prices for many products in China between 4.7% to 14% depending on the specific item and region. When LVMH, the parent company of LV, released its latest financial results, it indicated that there will not be a universal price increase worldwide in 2023.SHANGHAI/PARIS, Feb 14 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of. Plus, make sure to check out Louis Vuitton and Gucci while you are in China since they have more leather goods available on the Chinese market than they do in France or most other European countries. 1. Louis Vuitton
Louis Vuitton’s Presence in China. Over time, Louis Vuitton has significantly expanded its presence in China by opening more stores in major cities. The brand strategically raised its prices in the Chinese market as a business tactic to further defy its luxury status. 1. The United Kingdom. The cheapest country you can buy your Louis Vuitton handbag in is the United Kingdom (UK). Different stores in the UK offer great discounts, and choosing to shop from the stores in the UK means saving yourself hundreds of dollars less than you would spend if you chose to buy the jewelry from home instead.
The median price for Louis Vuitton products has increased by nearly 4 per cent in China over the last year in local currency terms, according to Deloitte’s BenchMarque tool. The cost of Louis Vuitton’s assortment has also gone up in Japan and the UK, but has been flat in most other major countries. Louis Vuitton did it twice, in March and May, (its Alma BB Bag has jumped from RMB 9,350 in April last year, to 10,400 RMB this April, and is 10,900 RMB today) while Dior increased prices on specific products. Chanel increased prices of some handbags and small leather goods globally in May, followed by Prada in July, who said “contained .
Chinese Shoppers Line Up for Louis Vuitton After Price Hike. Louis Vuitton is the latest luxury giant to raise its prices in 2022, following Dior and Hermès. But will Chinese consumers keep buying?
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Starting from February 19, LV will raise the prices of some products in China, with an average increase of around 6%. For instance, the Carryal small handbag will increase from 19,600 yuan to 20,600 yuan, and the Carryal medium handbag will . Sales in LVMH’s fashion and leather goods division rose 22 per cent in the third quarter to €9.69 billion, the company said on Tuesday, boosted by a return in tourist spending in Europe and early signs of improvement in China as growth slowed in the US.
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