Another Chanel price increase is coming our way and I have some insider information from my SA to share with you guys.
Apparently Chanel will increase the price on all their classic pieces this week. In the United States the prices will increase on 31st of October and in Europe one day after that, on the 1st of November.
My SA told me that all their classic handbags, eg. Classic Flap, 2.55, Boy as well as their classic wallets and card holders will increase for sure, but some other items might be included too. It’s expected that the price increase will be around 10%, which is crazy, since Chanel just had a price increase in November 2018!
A medium Chanel Classic Flap bag for instance is currently $5600 or €4800. After the price increase this handbag could retail for around $6200 or €5300. At the moment you’d be able to buy the handbag and a matching wallet at that price!
Another thing Chanel is doing, is that they are limiting the stock on classic pieces in their boutiques, so people don’t stock up on them to sell them for more money after the price increase. So my suggestion: If you’re lucky and you can get your hands on a classic Chanel piece you’ve always wanted, splurge and get it! I’m sure you won’t regret it! 🙂