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SHANGHAI/PARIS, Feb 14 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of. Plus, make sure to check out Louis Vuitton and Gucci while you are in China since they have more leather goods available on the Chinese market than they do in France or most .
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,669.00SHANGHAI/PARIS, Feb 14 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of.
Plus, make sure to check out Louis Vuitton and Gucci while you are in China since they have more leather goods available on the Chinese market than they do in France or most other European countries. 1. Louis Vuitton
The median price for Louis Vuitton products has increased by nearly 4 per cent in China over the last year in local currency terms, according to Deloitte’s BenchMarque tool. The cost of Louis Vuitton’s assortment has also gone up in Japan and the UK, but has been flat in most other major countries. Increase in Prices in China. Louis Vuitton is adding more cost to its goods in China. They plan a big price jump of up to 20% soon. The prices are shooting up fast too. In the past year, costs went up by 4%. You may wonder why Louis Vuitton’s goods cost much more in Shanghai than in Paris! According to Chinese media, models of the Capucines and Neverfull handbags online have risen to RMB 52,000 and RMB 14,400, up 11.8 percent and 20 percent, respectively. Meanwhile, the price of the Mini Pochette Accessoires, nicknamed the “little mahjong bag” in China, has jumped a whopping 54 percent, from RMB 3,500 to RMB 5,400.
The shares climbed as much as 5% in Paris trading, lifting LVMH’s market value to about €440 billion (5 billion), the highest in Europe. The stock has increased by more than a quarter this.
But with fewer Chinese people travelling, Burke says they are “buying much more at home” — despite Louis Vuitton raising prices in the country by 3 per cent in March and another 5 per cent.LOUIS VUITTON Official International site - Discover Beijing Stores and find all Informations about Opening Hours, Localisation, Services and Product Offer.Store information. Louis Vuitton Beijing China World. L128, West Zone, China World Shopping Mall. 100004 Beijing, China. (+86) 400 6588 555. Book Appointment. Next appointment available: Saturday October 26, 2:00 PM. This store offers in-store appointments. Directions. Monday 10:00 / 21:30. Tuesday 10:00 / 21:30. Wednesday 10:00 / 21:30. "In the United States, the price is 0, a 12 percent markup. . In China, it's ,138, or 32 percent more expensive. In Brazil, the same Speedy 30 costs a whopping 53 percent more at ,322." Yes, you read that correctly: The same Louis Vuitton Speedy 30 bag costs 53% less in France compared to Brazil. BoF explained that both taxes and .
SHANGHAI/PARIS, Feb 14 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of.
Plus, make sure to check out Louis Vuitton and Gucci while you are in China since they have more leather goods available on the Chinese market than they do in France or most other European countries. 1. Louis Vuitton The median price for Louis Vuitton products has increased by nearly 4 per cent in China over the last year in local currency terms, according to Deloitte’s BenchMarque tool. The cost of Louis Vuitton’s assortment has also gone up in Japan and the UK, but has been flat in most other major countries. Increase in Prices in China. Louis Vuitton is adding more cost to its goods in China. They plan a big price jump of up to 20% soon. The prices are shooting up fast too. In the past year, costs went up by 4%. You may wonder why Louis Vuitton’s goods cost much more in Shanghai than in Paris!
According to Chinese media, models of the Capucines and Neverfull handbags online have risen to RMB 52,000 and RMB 14,400, up 11.8 percent and 20 percent, respectively. Meanwhile, the price of the Mini Pochette Accessoires, nicknamed the “little mahjong bag” in China, has jumped a whopping 54 percent, from RMB 3,500 to RMB 5,400.
The shares climbed as much as 5% in Paris trading, lifting LVMH’s market value to about €440 billion (5 billion), the highest in Europe. The stock has increased by more than a quarter this.
But with fewer Chinese people travelling, Burke says they are “buying much more at home” — despite Louis Vuitton raising prices in the country by 3 per cent in March and another 5 per cent.LOUIS VUITTON Official International site - Discover Beijing Stores and find all Informations about Opening Hours, Localisation, Services and Product Offer.Store information. Louis Vuitton Beijing China World. L128, West Zone, China World Shopping Mall. 100004 Beijing, China. (+86) 400 6588 555. Book Appointment. Next appointment available: Saturday October 26, 2:00 PM. This store offers in-store appointments. Directions. Monday 10:00 / 21:30. Tuesday 10:00 / 21:30. Wednesday 10:00 / 21:30.
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