Chanel Prices Are Up in Europe

@kstyletg

Part 1: Chanel Price Alert: Bag Prices are Going Up
Part 2: Here’s How Much Chanel Prices are Rising

When we broke the big news last month that Chanel prices were increasing in the U.S. on October 31, we received one question over and over again: Will the price increase also be affecting Europe? The short answer is yes. In November, just following the U.S., Europe saw a price increase as well. And, unlike the U.S. price hike, which was less than we expected based on past years, the European hike is hefty. Brace yourselves.

@to.esselle

The New Prices

Chanel Classic Flap SizeOld Price (EUR)New Price (EUR)Increase (%)
Mini Classic Flap (Square)€2,500€2,6807.2%
Mini Classic Flap (Rectangular)€2,850€3,0507.02%
Small Classic Flap€4,250€4,5507.06%
Medium Classic Flap€4,800€5,1507.29%
Jumbo Classic Flap€5,350€5,7006.54%
Maxi Classic Flap€5,800€6,2006.9%
Chanel Boy Bag SizeOld Price (EUR)New Price (EUR)Increase (%)
Small Boy Bag€3,850€4,1207.01%
Old Medium Boy Bag€4,180€4,4807.18%
New Medium Boy Bag€4,650€4,9807.1%
Chanel Wallet on Chain (WOC)Old Price (EUR)New Price (EUR)Increase (%)
Classic Wallet on Chain€2,000€2,1507.5%
Boy Wallet on Chain€2,180€2,3407.34%
Chanel Classic Flap SizeOld Price (EUR)New Price (EUR)Increase (%)
Mini Classic Flap (Square)€2,500€2,6807.2%
Mini Classic Flap (Rectangular)€2,850€3,0507.02%
Small Classic Flap€4,250€4,5507.06%
Medium Classic Flap€4,800€5,1507.29%
Jumbo Classic Flap€5,350€5,7006.54%
Maxi Classic Flap€5,800€6,2006.9%
Chanel Boy Bag SizeOld Price (EUR)New Price (EUR)Increase (%)
Small Boy Bag€3,850€4,1207.01%
Old Medium Boy Bag€4,180€4,4807.18%
New Medium Boy Bag€4,650€4,9807.1%
Chanel Wallet on Chain (WOC)Old Price (EUR)New Price (EUR)Increase (%)
Classic Wallet on Chain€2,000€2,1507.5%
Boy Wallet on Chain€2,180€2,3407.34%

Analysis

The extent of this change certainly came as a surprise, especially since prices only increased about 2 to 3% in the U.S—not anywhere near as much as the ~7% across-the-board increase in Europe. It’s significant, and the question we have left to answer is…why?

Well, it’s certainly in line with greater global price harmonization, where prices around the globe are more similar. The Medium Classic Flap, for instance, now retails for €5,150, which is the equivalent of $5,676 at current exchange rates. (Compare this to the $5,800 price in the U.S. since the October increase.)  Now, it may not be as savvy to buy your Chanel bags abroad, which is something worth considering when it comes to luxury travel. (Read: Important Tips for Traveling with Luxury Goods)

@panthere_instyle

What do you think of this controversial price hike, especially in comparison to the (relatively low) price increase in the U.S.? Will you be reconsidering buying your next Classic Flap abroad? Let’s discuss below.

Read related articles:

Here’s How Much Chanel Prices are Rising
Hermès Birkin Prices 2019: USA vs. Europe
Hermès Kelly Prices 2019: USA vs. Europe
Hermès Constance Prices 2019: USA vs. Europe

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