French luxury house Chanel said on Wednesday it was increasing prices on its handbags and some small leather goods worldwide.
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A classic designer bag is one of the best buys you can make. From the Chanel Classic Flap Bag, to the Dior Lady Bag, these investment bags are worth the money.
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Despite high interest rates and Americans cutting back on spending, the demand for luxury goods remains strong – but is it a good time to invest during this economic climate?
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Soaring prices and scarcity alone do not add to the desirability of our favorite luxury products. We explain the various factors that play a part.
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The global handbag market size was estimated at USD 73.32 billion in 2022 and is expected to grow at a CAGR of 6.8% from 2023 to 2030
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