Analysis: Here’s the impact of Chanel’s latest price hike on the luxury industry
Inside Retail
JANUARY 9, 2022
The latest round of price hikes will mark the brand’s fourth adjustment since 2019. Last June, the brand expected its revenues to increase by double digits this year, compared with pre-pandemic levels in 2019. While the larger 2.55 In 2020, the brand’s profits had dropped by 17.6
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