Price Hikes

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Madison Avenue Spy has more details on that second Chanel price increase we heard about a few weeks ago. According to her source, the company plans to add an extra flap to their Jumbo and Maxi bags. To cover the cost of the leather, they're raising the price of a Jumbo about $300 to $4000 total. She's not sure about the price of the Maxi, but it should jump too. Look for the changes to take effect in February 2011. [Madison Avenue Spy; Previously]