Do you want to know the secret to feeling like a million bucks (without actually having to spend that much)? It’s all about the bag you carry, and when it comes to screaming luxury, nothing beats a Chanel! These luxury bags are like the unicorn of the fashion world – rare, elusive, and absolutely magical. With their buttery-soft leather, iconic quilting, and interlocking C logo, they’re the ultimate status symbol that every fashion lover dreams of owning. But what’s the deal with today’s sky-high Chanel prices?

Get ready to pay more for Chanel! According to Philippe Blondiaux, the fashion house’s CFO, price hikes are coming due to currency fluctuations and inflation, and this is just business as usual, as Chanel typically increases its prices twice a year. Blondiaux hasn’t shied away about the increases either; he’s happy to let customers know that it’s all part of the brand’s strategy. “We usually revise our prices twice a year,” he shared with WWD. So, when you’re splurging on your favorite Chanel handbag gem, just remember that the prices are going up, up, up!

Take their Coco Handle, Chanel 19, and the Pearl Crush which all saw a 14% price hike across the board! That’s just crazy! And that’s not all.

More and more a pearl beyond price, the Chanel bag is getting fancier and exclusive! Chanel prices are mirroring the cost of luxury! And to make these designer bags even more exclusive, Chanel is limiting customers to buying only one bag at a time, having them wait two months before buying another one! The fashion powerhouse is also pumping the brakes on its luxury bags production, increasing their steeping demand and adding to their value and price hikes!

Hermès, you better watch out, it seems like Chanel is giving a run for your money!