Just about all the big European luxury brands, including LVMH Group (Louis Vuitton), Dior SA, Burberry Group Plc and Celine SA, have raised their prices by between 5 and 15% on average in 1-H of this year.
The depreciation of the Euro is one of the main reasons for these increases, according to a recent report released by the World Luxury Association (WLA), an International nonprofit organization that specializes in market research and the management of luxury brands.
European Luxury Brands Expand
Between the beginning of Y 2010 and the end of May this year, the Euro has depreciated by 20% against the Yuan.
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