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In January of this year, Dior and Celine under Louis Vuitton Outlet also completed the first round of price increases this year; Herm猫s also completed its annual price increase in January, and the price increase of silk scarves and other accessories was around 10%. The price has also risen to 59,600 to 65,300 yuan; Chanel, which has increased by as much as 60% in the past three years, also raised the price in the United States on January 19, with a range of about 10%.
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The Italian-made splurge was the priciest item in an already extravagant line – and the twins managed to attach even heftier price tags after collaborating with artist Damien Hirst a year later.
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As early as 1947, the founder of the Dior brand invented a brand-new business model for the luxury goods industry鈥攖he top of the line made advanced customization and sold it to the upper class; secondly, it made branded ready-to-wear and bags and sold it to the middle class; the prices of perfumes and accessories etc. Relatively low-priced items are sold to the lower-middle-class masses, satisfying their dreams of pursuing big brands.
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In addition, price increases can keep luxury brands more scarce. Diana Nguyen, founder of second-hand luxury retailer LuxSecond Chance, said in an interview with the media that if luxury goods become easy to obtain, they will lose their influence and value.
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