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The increases will affect products worldwide including leather goods, accessories and fragrances, making Louis Vuitton<\/strong> one of the first brands to increase prices significantly this year to protect margins in the face of rising costs. No details were given about a percentage of the price increases : this will vary by piece.<\/p>\n <\/p>\n “The price adjustment takes into account changes in production costs, raw materials, transportation and inflation,”<\/em> Louis Vuitton<\/strong> said in a statement to Reuters<\/strong>.<\/p>\n <\/p>\n The website that tracks the luxury market PurseBop<\/strong> has estimated a percentage of price increases for Louis Vuitton products, ranging from 4% to 18%<\/strong>. Last January, LVMH<\/strong>‘s majority shareholder and CEO Bernard Arnault<\/strong> said the group had enough room to raise prices in an inflationary environment, but that it had to be “reasonable”.<\/p>\n <\/p>\n Louis Vuitton is not the only company to have increased prices for its products, due to rising costs. Indeed, at the beginning of February, Hublot<\/strong> increased the prices of its timepieces following the rise in the cost of raw materials. Chanel<\/strong> had also done the same for its leather goods, in the run-up to the high demand for the Christmas holidays.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0LVMH : HUBLOT INCREASES THE PRICE OF ITS MODELS DUE TO INFLATION<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Getty Images[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n The increases will affect products worldwide including leather goods, accessories and fragrances, making Louis Vuitton<\/strong> one of the first brands to increase prices significantly this year to protect margins in the face of rising costs. No details were given about a percentage of the price increases : this will vary by piece.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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The LVMH-owned Maison Louis Vuitton will raise the prices of its products this week, due to rising manufacturing and transportation costs.<\/h4>\n