Louis Vuitton may raise prices in China by as much as 20%
The Straits Times|February 16, 2023
LVMH's top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20 per cent, as luxury labels bank on a strong rebound of Chinese demand following the easing of Covid-19 lockdowns.
Louis Vuitton may raise prices in China by as much as 20%

SHANGHAI Louis Vuitton, the world's biggest luxury brand, last February led the way in a string of price hikes from some of the industry's biggest names.

Riding a wave of soaring demand fuelled by shoppers drawing on savings from pandemic lockdowns, high-end labels have been raising prices over the past few years, with Birkin bag maker Hermes flagging plans to hike prices by 5 per cent to 10 per cent in 2023, to cope with rising costs and currency fluctuations.

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