Chanel Flap Bag Now Costs More Than €10,000 in Paris
- French prices scrutinized since fashion capital draws tourists
- Luxury label seen as more resilient to demand slowdown
A flap bag by Chanel.
Photographer: Streetstyleshooters/Getty ImagesA classic medium-sized Chanel flap bag has broken through the €10,000 ($10,820) barrier for the first time in Paris.
In a sign that some luxury brands are willing to keep pushing prices higher despite weakening demand, Chanel has lifted the price tag of its best-known bag to €10,300 in the French capital. That’s up about 6.2% from €9,700 earlier this year.