Why Chanel Bags Have Shoppers Frenzied, Fighting to Avoid Price Hikes in Korea - Bloomberg

By A Mystery Man Writer

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Buyers in South Korea are desperate to get their hands on the French brand’s purses in hopes of preempting future price increases.

Why Chanel Bags Have Shoppers Frenzied, Fighting to Avoid Price

Online speculation of Chanel price hikes prompted face-masked shoppers to begin arriving as early as 5 a.m., forming a closely spaced queue which snaked around the Lotte Department Store in downtown Seoul.

South Korean shoppers go the distance to beat Chanel price hike

Focus: Handbags at dawn: Chanel duels South Korean resellers in

Alix Steel brings you news you need to know and trends you need to watch as U.S. markets get into the trading day. (Source: Bloomberg)

Watch Bloomberg Markets Full Show (07/29/2021) - Bloomberg

Following a tumultuous year that saw a revenue drop of 18% and multiple store closures, Chanel is upping the price on some of its handbags by as much as 15%. Considering that these bags already cost

Is the Chanel Price Increase Worth It?

The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.