Louis Vuitton Increases Price of Neverfull GM Bag in US

Louis Vuitton (LV) has raised the US price of the Neverfull GM bag following the 10% tariffs on goods from the European Union.Business of Fashion reports that the popular bag experienced a 4.8% price hike from last week. The Neverfull GM is now priced at $2,200 USD on Louis Vuitton's US webstore -- a $100 USD increase.Bernstein analyst Luca Solca shared in a note that LV US raised its handbag prices by 3.6%. However, he also shared that many items were excluded from the price increase as they ma...