Luxury brands raise prices after a pandemic Gucci, Dionisus
23.06.2020 2407

Luxury brands raise prices after a pandemic

Gucci raises bag prices to offset economic damage due to the Covid-19 pandemic. Over the past month, prices for Dionysus ($ 2290) and Zumi ($ 2980) bags in boutiques in China, Italy and the UK have increased by 5-9%, reports Jefferies.

Earlier, the luxury brands Chanel and Louis Vuitton also raised their prices based on their own research reports, which showed that the main customers of these luxury brands are wealthy people who will continue to buy items from their favorite brands even after the price increases.

Gucci has raised the prices of handbags to mitigate economic damage from the Covid-19 pandemic. Over the past month, prices for Dionysus ($ 2290) and Zumi ($ 2980) bags ...
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