Purses In Style

Gucci Just Increased Prices On Some Of Gucci Dionysus Red Leather

Late last week, Business of Fashion reported that Gucci had raised some of its handbag prices by up to 9 percent worldwide. This move by Gucci, whose parent company is Kering, follows the lead of other luxury brands like Louis Vuitton and Chanel who have also risen its prices.

Luxury fashion plays a huge role in economies around the world, and it’s unsurprising to see another price increase from a key player in the sector. The BoF article reported that luxury goods analyst Flavio Cereda studied prices in various countries of two key styles—the Dionysus and the Zumi—and found that prices increased anywhere from 5 to 9 percent depending on the country.