In the wake of  the shaky economy,   luxury brands like Chanel have had quite the stiff pill to swallow.  So, I guess it was just a matter of time before we swallowed too. According our good friends at Madison Avenue Spy, effective February 1st the iconic brand will be raising it’s prices, $50-100 more. Chanel has decided to slow down the pace of production in hopes in will create mass demand. And by the looks of things it seems to be working, already.  Bags like Chanel’s Jumbo Classic which are already hard to find are completely sold out. There’s also a waiting list of stores that include it’s flagship boutique, Saks, and Bloomies, just to name a few.  Second hand luxury boutique Decades in LA has even noticed a spike in the demand..  So my question is, are you willing to pay more due to lack of supply or will Canal Street the benefits a of a Chanel fiend?

This situation has me scratching already…OMG

-Ty turner