Gucci Increases Handbag Prices to Dampen Coronavirus Blow

Gucci has increased prices of its handbags in order to curb the economic toll that the COVID-19 pandemic has brought onto the label. Incidentally, this news comes just days before Chanel's prediction about the two-year impact the global virus will take on the luxury sector.Gucci's adjustments in price were discovered in a report by Jefferies analysts, noting surges between five to nine percent for the Dionysus ($2,290 USD) and Zumi bags ($2,980 USD) in China, Italy and the U.K. The strategic piv...