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Chanel Is Aiming for Hermès Status With Handbag Price Hikes

The luxury fashion brand has raised prices, and set purchasing limits in an effort to become a more exclusive and desirable brand.
Crocodile Chanel bag
Chanel has raised prices, and set purchasing limits in an effort to become a more exclusive and desirable brand. (Getty Images)

Chanel has raised global prices on some of its classic handbags by almost two-thirds since the end of 2019.

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