Gucci hikes prices in China
Gucci has increased the prices of some of its products in China. On March 1, a customer service representative from Gucci’s flagship store on Taobao stated that, due to increasing raw material costs, the company has passed on costs to consumers. A comparison reveals that the prices for some popular bags such as the Marmont Supermini have increased by over 1,100 RMB ($172), a hike of over 10 percent.