Chanel will up prices of certain products in all stores and duty free outlets across Korea next week, according to a report published by The Chosun ILBO.
The hike is the fifth rise in the space of a year, and will be implemented despite the improving Won. The latest 11 percent rise will affect shoes and handbags in the main; cosmetics prices were upped as recently as January.
Sources close to the company suggest the latest price rise is a cynical attempt to profit from the upcoming wedding season, per Chosun. “Raising prices five times in a year means that the company thinks Korean customers are easy to handle,” a sales assistant told Chosun. “After all, they can only do it because customers are still buying.”