Luca Solca, an analyst at Bernstein, wrote in a note Wednesday that Louis Vuitton has raised its US handbag prices by 3.6%. He said that many products didn't see an increase, however, which could indicate they're manufactured in the US. Louis Vuitton has three workshops in the country.
Louis Vuitton has increased the price of one of its most popular handbags in the US after the implementation of 10% tariffs on goods coming from the European Union.
The Neverfull GM bag in monogram-coated canvas now costs US$2,200 ($2,893.46) on the company's US website, US$100 more than last week, a 4.8% price hike.
