With the Euro hitting a two-decade low and making it nearly equal to the dollar, many tourists, Americans especially, have been greatly incentivized to shop for designer bags in Europe this summer between the price disparity and receiving the VAT refund. Last week the Euro fell below $1, and while this meant considerably price savings, it was clear that it would most likely mean one thing: price harmonizing.
How High Is the Increase for Europe?
Rumor has it that there will be a 10% price increase of Chanel bags across the board in Europe effective this week. Our forum members whose sales associates broke the news this week confirmed this information. chanel-price-increase.1015651/page-771#post-35279559″One member shared that her Chanel Sales Associate in Paris said this price increase would become effective Wednesday, August 10th.
The reason for this increase is the growing disparity of prices for a Chanel bag in the