15 June 2015
In 2011 Cheuvreux estimates that luxury prices rose 7 percent across the board.Prices for champagne, leather goods, jewelry and the like have been particularly buoyant for the past two years.A Hermes Cape Cod watch that sold for 1,300 euros in 2009 now sells for 2,200. A bottle of Mo Chandon Imperial Ros that sold for $60 in 2010 in the United States now fetches $75.99.LVMH, the world largest luxury brand, has been especially assertive, raising prices in its Louis Vuitton and high prestige champagne lines by up to 15 percent in 2011.entry price point at Louis Vuitton is agonized over, said the analyst. Am told it is the single most important decision they make all year.
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