Louis Vuitton announced it is raising prices this week in response to increased manufacturing costs and global inflation, a decision that will affect the cost of Louis Vuitton leather goods, accessories and fragrances around the world.
—that have hiked prices since the start of the pandemic to protect margins against inflation.
Meanwhile, consumers were stuck at home, accumulating savings. Discretionary spending that would normally go to travel or services were eventually funneled toward luxury goods, particularly long-term investment pieces such as a collectible Louis Vuitton leather bag.
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