Wholesale Blog

Chanel Price Increase 2023

It's happening again. Chanel is increasing prices globally after its last price increase in August 2022. The expected date for the hike is March 2 and will include the most popular styles like Classic Flap. In the US, the Chanel Medium Classic Flap retailed for $8,800 in the United States and is expected to rise to $10,200 starting today. That’s a 16% increase!

Emily Erkel

While Americans are feeling pressure from inflation and uncertain times, luxury brands continue to raise prices. Whether it was Hermès that raised its prices back in Nov 2022 or Chanel in twice last year, the latest increase feels particularly sharp.

Here are the latest details.


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Source: PurseBop

What do you think? What do these price increases mean for your business?

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