The world’s luxury-goods giants are raising prices on handbags, clothes, shoes and jewelry—and facing little resistance so far from shoppers.
LVMH Louis Vuitton Moët Hennessy SE increased its handbag prices globally this week, in some cases by double-digit percentages, according to Bernstein Research. LVMH declined to comment, but Bernstein, which tracks the closely followed industry proxy, estimates that global handbag price hikes at LVMH’s Louis Vuitton brand came in on average at between 6% and 7%.
