Buckle up: Louis Vuitton's first price increase of 2021 is a fact

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12 January 2021

Louis Vuitton recently announced a price increase for 2021, with price increases from 2% up to 25% on some models. We have only just recovered from the last price increase of Louis Vuitton in May 2020, but the new price increase is already here. Louis Vuitton has confirmed the price increase, and we've listed all the new increased prices for you.

Don't worry too much: not all the bags of Louis Vuitton increased in price. The majority of bags impacted are a part of the permanent Louis Vuitton canvas collection. Bags like the Louis Vuitton Capucines and the Louis Vuitton Twist were spared, as well as the Louis Vuitton Speedy Bags.The biggest price increase happened to the Louis Vuitton Pochette bags. The Pochette Accessoires in Monogram Canvas increased with 25% (!), and the famous Multi Pochette Accessoires increased with 10%. 

Annual price increase Louis Vuitton

The prices of Louis Vuitton bags increase every year. In May 2020, LV increased the price of the Onthego MM, the Multi Pochette, the Palm Springs mini and the Pochette Metis. These bags increased in price with 3%, which is a relatively small price increase for bags between the 1000 and €2000. A price increase of 3% on the more expensive models is a lot more painful for the wallet. This year, Louis Vuitton doesn't increase with a fixed percentage, it depends on the bag and fluctuates between 2% and 25%. The annual price increase is due to a number of different factors, namely: raw materials, labor and shipping. And we can't deny that the pandemic could have influenced this year's increase. Louis Vuitton had to close her shops, which must have had an influence on the brand. 

Price increase Louis Vuitton 2021

Below you will find an overview of the new increased prices.

 

Speedy Bandoulière

Model New Price Price increase
Speedy 25 Bandouliere Monogram Canvas €1180 2.6%
Speedy 30 Bandouliere Monogram Canvas €1200 2.6%
Speedy 35 Bandouliere Monogram Canvas €1220 2.5%
Speedy 40 Bandouliere Monogram Canvas €1180 2.5%

 

Neverfull

Model New Price Price increase
Neverfull PM Monogram Canvas €1100 2.8%
Neverfull MM Monogram Canvas €1150 2.7%
Neverfull GM Monogram Canvas €1200 2.6%


Pochette

Model New Price Price increase
Pochette Accessoires Monogram Canvas €600 25%
Multi Pochette Accessoires Monogram Canvas €1600 11%
Pochette Metis Monogram Canvas €1600 6%
Mini Pochette Accessoires Monogram Canvas €300 18%


Pouch

Model New Price Price increase
Cosmetic Pouch Monogram Canvas €375 15.4%


Alma

Model New Price Price increase
Alma BB Monogram Canvas €1100 4%


Noé

Model New Price Price increase
NéoNoé MM Monogram Canvas €1670 1.1%


Onthego

Model New Price Price increase
Onthego MM Monogram Canvas €1900 3.8%
Onthego GM Monogram Canvas €2000 3.6%