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LVMH's 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 Chinese demand following the easing of. The website, which tracks the luxury market, cited models of the top handle Capucines bag that went up to €5,500 from €5,150, and a Pochette Accessoires purse that . LVMH's 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 Chinese demand following the easing of. The website, which tracks the luxury market, cited models of the top handle Capucines bag that went up to €5,500 from €5,150, and a Pochette Accessoires purse that rose to €1,050 from €980.
After the news broke, a check on LV’s official website in Hong Kong found that the prices of some bag styles have already gone up. Let’s take a look at the latest prices of 8 LV bags that hold their value well to see if they are still worth the investment after the price hike. 4 stalwarts of the luxury handbag world—Hermès, Louis Vuitton, Gucci, and Burberry—recently reduced their prices in China across the board. These European brand markdowns followed the Chinese government’s decision in July to reduce import duties and VAT on consumer goods. According to Chinese media, models of the Capucines and Neverfull handbags online have risen to RMB 52,000 and RMB 14,400, up 11.8 percent and 20 percent, respectively. Meanwhile, the price of the Mini Pochette Accessoires, nicknamed the “little mahjong bag” in China, has jumped a whopping 54 percent, from RMB 3,500 to RMB 5,400. Prices are now closer than they have ever been, with a Louis Vuitton Speedy bag only 12 per cent more expensive in China than in the US. Louis Vuitton chief executive Michael Burke reportedly said in June that the brand was experiencing "unheard-of" growth rates in China.
Here, WWD compiles the 15 luxury handbags with the highest price increases in China throughout the pandemic. 1. Louis Vuitton, Pochette Accessories, +46.4%, from 4,200 to 6,150 renminbiLouis Vuitton Beijing China World. L128, West Zone, China World Shopping Mall. 100004 Beijing, China. (+86) 400 6588 555.
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For buyers, this means the price of Louis Vuitton’s signature NÉONOÉ Monogram Canvas dropped to 11,800 yuan (1,779) from 12,300 yuan (1,855), and the brand's NEVERFULL MM bag fell to 9,900 yuan (1,493) from 10,400 yuan (1,568) previously.NEVERFULL 中号手袋. ¥21,300. NEVERFULL 中号手袋. ¥20,600. NEVERFULL 中号手袋. ¥20,600. 探索LV包袋和小型皮具Neverfull 手袋。. 欢迎登陆LOUIS VUITTON路易威登官方线上旗舰店,了解更多LV女士包袋。. LVMH's 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 Chinese demand following the easing of. The website, which tracks the luxury market, cited models of the top handle Capucines bag that went up to €5,500 from €5,150, and a Pochette Accessoires purse that rose to €1,050 from €980.
After the news broke, a check on LV’s official website in Hong Kong found that the prices of some bag styles have already gone up. Let’s take a look at the latest prices of 8 LV bags that hold their value well to see if they are still worth the investment after the price hike. 4 stalwarts of the luxury handbag world—Hermès, Louis Vuitton, Gucci, and Burberry—recently reduced their prices in China across the board. These European brand markdowns followed the Chinese government’s decision in July to reduce import duties and VAT on consumer goods.
According to Chinese media, models of the Capucines and Neverfull handbags online have risen to RMB 52,000 and RMB 14,400, up 11.8 percent and 20 percent, respectively. Meanwhile, the price of the Mini Pochette Accessoires, nicknamed the “little mahjong bag” in China, has jumped a whopping 54 percent, from RMB 3,500 to RMB 5,400. Prices are now closer than they have ever been, with a Louis Vuitton Speedy bag only 12 per cent more expensive in China than in the US. Louis Vuitton chief executive Michael Burke reportedly said in June that the brand was experiencing "unheard-of" growth rates in China. Here, WWD compiles the 15 luxury handbags with the highest price increases in China throughout the pandemic. 1. Louis Vuitton, Pochette Accessories, +46.4%, from 4,200 to 6,150 renminbi
Louis Vuitton Beijing China World. L128, West Zone, China World Shopping Mall. 100004 Beijing, China. (+86) 400 6588 555. For buyers, this means the price of Louis Vuitton’s signature NÉONOÉ Monogram Canvas dropped to 11,800 yuan (1,779) from 12,300 yuan (1,855), and the brand's NEVERFULL MM bag fell to 9,900 yuan (1,493) from 10,400 yuan (1,568) previously.
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