Because Louis Vuitton Handbags Weren’t Expensive Enough…
We know what you’re thinking: Louis Vuitton handbags are such a bargain, buying them practically feels like stealing, right? Well, looks like the brand finally has caught on to you, since they’ve reportedly been jacking up prices on the sly since the beginning of the year.
According to Reuters, broker HSBC sent out a memo to clients informing them that the French house has increased prices on their non-leather handbags by ten percent in Europe, ten percent or more in the U.S. and U.K., and five to ten percent in Asia. So while your coveted calfskin checkerboard Speedy should be safe at a reasonable (*cough*) three grand, that canvas tote you were hemming and hawing over a few months back may just be a bit more of a splurge than you thought.
According to analysts’ estimates, canvas items make up about two thirds of the brand’s total accessories sales, and yield higher gross margins than do leather goods, meaning Vuitton stands to make more money off of each non-leather handbag they produce. HSBC posits that LV’s “ubiquity” problems motivated the move, although we have to wonder whether steeper prices on the real-deal handbags won’t just spur the counterfeit market even further.