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Chanel 2024 price increase March 27
Jacquemus and Polène increase prices: A shift towards luxury?
Chanel: Understanding the reasons behind the price increase in 2023
Well, one of the main reasons for the price increase at Chanel in 2023 is the brand's desire to maintain its image of exclusivity. By raising prices, Chanel limits access to its products and thus maintains the perception of luxury and rarity. This strategy also helps to sustain consistent demand despite rising production costs and economic pressures.