Perhaps inspired by the French brand’s air of exclusivity, Mary-Kate and Ashley Olsen set jaws dropping in 2011 when they debuted their $39,000 crocodile backpack for The Row, which is still available for purchase.
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The fashion and leather goods brands of Kering Group, the parent company of Gucci, include Gucci, Yves Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, etc.; the Swiss luxury goods company Richemont Group owns Chloe (Clovis), Shanghai Tang, Vacheron Constantin, Jaeger-LeCoultre, Cartier and other brands.
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Industry: Price increase is a sharp weapon to maintain the high-end brand
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Luxury products made in Italy command the highest prices in the luxury industry. However, a year after that, the twins teamed up with artist Damien Hirst, and the bags became even more expensive.
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The fashion website “PurseBop” analyzed multiple data and concluded that the price increase of Louis Vuitton Outlet’s different categories of products this time is about 4% for the product category with the least increase, and 15-18% for the larger increase. According to reports from many media, some luxury goods even experienced a surge in demand during the epidemic, resulting in hot sales of products.
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Since the outbreak of the new crown epidemic in 2020, the supply chain of the global fashion industry has been greatly impacted. Luxury brands including Hermes, Gucci, Dior and Prada have successively increased their product prices. In order to slow down the impact of inflation on the brand’s profit margin. In this round, the increase of some classic Louis Vuitton Outlet bags has reached 20%. Louis Vuitton Outlet has raised prices again
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鈥淏uying a bag is like going to a market鈥?
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Just in time for holiday shopping – for an incredibly small selection of uber-wealthy customers – Louis Vuitton has unveiled its most expensive handbag of the moment: a $55,000 alligator skin purse.
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