Chanel Increases Prices in China as Concerns About Luxury Demand Mount

Chanel increased prices of its high-end products in China in September, amid a slowdown in demand for luxury goods worldwide after the post-pandemic boom years. The company also raised prices in Taiwan, Thailand, Malaysia, Australia and Japan, a spokesperson for the luxury brand said, citing fluctuations in exchange rates. Overall, prices have risen between 6 percent and 8 percent.