Ladies, there’s no need to wait until April to get your hands on a lower-priced Chanel bag in Singapore.
Previously, we reported on GrateNews that Chanel is aligning its prices globally. This would result in a price cut in Asia, and an increase in Europe as the French fashion house moves to keep prices of its products consistent worldwide. The date of the price harmonisation was officially going to happen on April 8, and will kick in in stages starting from three of its signature bags 2.55, 11.12 and Chanel Boy. However, Chanel boutiques at Marina Bay Sands and Ngee Ann City in Singapore have already adjusted their prices.
And as earlier announced, the price drop is significant. The Chanel Boy now costs S$5820, down from S$6580, while the medium 2.55 and medium 11.12 flap are going for S$6660, down from S$7550.
But yikes, what if you had bought one of the ‘discounted’ bags before the new pricing kicked in? According to a Straits Times report, Chanel will give you a credit note to offset the difference on your next purchase if you bought any of the three bags between March 3 and 16.
Now that news of the price alignment has kicked is out, we expect even longer queues at Chanel boutiques. But a die-hard bag aficionado will tell you that it’s well worth the wait.