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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Louis Vuitton Set to Raise Price Tags This Week as Costs Climb

Louis Vuitton Vuitton China LVMH
Louis Vuitton handbags are displayed as an employee works in a Vuitton new high-end garment factory in Beaulieu-sur-Layon, near Angers, France, September 5, 2019. REUTERS/Stephane Mahe

Louis Vuitton, LVMH's top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters.

Louis Vuitton, the world's biggest luxury brand, will become one of the first big labels in the industry to hike prices widely this year to protect its margins as costs soar.

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