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Fashion Lifestyle

Gucci hikes price of handbags by up to 9 percent

Gucci has hiked the price of some of its handbags by up to 9 percent, joining a number of luxury fashion brands trying to recoup coronavirus losses by passing them on to the consumer.

A report by investment management firm Jefferies International compared the prices in various countries of two of Gucci’s best-known bags – the Dionysus and the Zumi – in May and June. It found price increases of between 5 percent and 9 percent for both styles, in Italy, Britain and China.

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