I Guess The French Are Just Oblivious to the Recession

Chanel continues to live by a kind of oblivious "no time like the present!" mantra, what with its recent news of a 20% price increase on its classic handbags, set to take effect November 1. According to fashion blog nitro:licious, a Classic Caviar Jumbo Flap Bag (above) that currently retails for $2,850 will jump to $3,420 in a mere couple weeks.

http://www.nitrolicious.com/blog/2008/10/21/chanel-classic-bags-20-price-increase-in-november-2008/