London is now the cheapest place to buy a Louis Vuitton handbag. According to research from Deloitte, many luxury goods now cost less in dollar terms in Britain than in any other country.
According to the research, the Speedy 30 Louis Vuitton handbag is $802 in London, compared with $850 in Paris, $970 in New York and $1,115 in China.
This trend is linked to the fall in sterling, which has dropped more than 17 per cent against the dollar since June, as a result of Brexit.
"The trend in luxury pricing in the UK is being driven mainly by the depression in sterling – thus making the same item more affordable in the UK market than any other major luxury market," Nick Pope, the head of fashion and luxury at Deloitte told the BBC. "People don't like paying more for the same product."
The report stated that 64 per cent of comparable luxury products were now cheapest in the UK, which is why we have seen a significant increase in the number of tourists spending in our shops.
From: Harper's BAZAAR US
FAQs
Generally speaking, the cheapest place to buy Louis Vuitton products is often the brand's country of origin, which is France. London is now the cheapest place to buy a Louis Vuitton handbag. According to research from Deloitte, many luxury goods now cost less in dollar terms in Britain than in any other country.
Which country has the cheapest Louis Vuitton bags? ›
Which country has the cheapest Louis Vuitton? The combination of these factors often makes the price of LV items in France lower than in other countries. While France leads the pack, other European countries such as Italy and the UK also offer competitive prices due to similar VAT refund policies.
Is it cheaper to buy LV in Paris? ›
If you've read our previous stories investigating whether famous French brands are cheaper in France — you've probably guessed that indeed, the answer to this question — Is Louis Vuitton cheaper in Paris? — is yes. Unlike Chanel, Louis Vuitton offers online shopping, which made comparing prices easy.
How much cheaper is Louis Vuitton in Spain? ›
Let's break it down. The Louis Vuitton bag that I purchased in Spain was $740 cheaper than the U.S. price. If we add the VAT refund (in Louis Vuitton it was 10%), then I'd get an additional $252 off, bringing the reduced total to $990 cheaper.
Is LV cheaper in London? ›
According to the research, the Speedy 30 Louis Vuitton handbag is $802 in London, compared with $850 in Paris, $970 in New York and $1,115 in China. This trend is linked to the fall in sterling, which has dropped more than 17 per cent against the dollar since June, as a result of Brexit.
Where are designer bags cheapest in the world? ›
Europe has long been seen as one of the best places to bag a bargain on designer items from handbags to dresses, and shoes to earrings. According to Vogue, who knows a thing or two about fashion, the cheapest designer bags can be found in the UK, France and Germany.
Which country buys the most Louis Vuitton? ›
LVMH Group's revenue share worldwide from in 2023, by geographic region. In 2023, the Asia-Pacific region, including Japan, accounted for 38 percent of the French luxury group's global revenue, while sales from the United States made up about a quarter of its revenue.
Do Louis Vuitton ever go on sale? ›
Louis Vuitton never discounts its products. Louis Vuitton items advertised as discounted on the Web are invariably fake. As the leading luxury brand, Louis Vuitton continues to be a primary target for counterfeiters around the world today.
Can you buy Louis Vuitton duty free? ›
You can choose from Louis Vuitton and Hermès bags too. Lotte Duty Free Australia offers exclusive events and membership programs that provide customers with an unparalleled shopping experience.
Is Louis Vuitton cheap in Italy? ›
Do Louis Vuitton handbags cost more in Paris or Milan? Typically, the price of a Louis Vuitton handbag is the same in Paris and Milan. Luxury brands usually set their prices globally, which means that the same style of Louis Vuitton handbag costs the same no matter which country or city you are in.
A recent study revealed also that Louis Vuitton products are priced higher than Gucci's because the French brand uses even higher-level and more expensive materials.
Is Louis Vuitton real leather? ›
Through a rigorous selection process, calfskin and cowhide leathers are chosen for their refinement, suppleness and silky touch. To meet Louis Vuitton's highest quality standards, only the best hides are selected.
Where is Louis Vuitton the cheapest in Europe? ›
Hungary's actual VAT refund ranges from 13.5% to 19.0% of purchase amount making it the country that provide the highest VAT refund in Europe. This also mean it is cheapest country to buy Louis Vuitton in the world. Luxembourg ranks as the worst country for tax-free shopping in Europe.
Why is Louis Vuitton so expensive now? ›
To begin with, the company is renowned for only using the finest exotic skins, leathers, and coated canvases to make their iconic handbags. All the hardware is made from either brass or gold. Even when bought in bulk, these materials cost money – and that cost is passed onto the consumer.
Is LV cheaper than Chanel? ›
Overall, Chanel is considered more expensive than Louis Vuitton. A Chanel bag at retail can demand almost six times the price of a similar offering from Louis Vuitton, making LV appeal to a wider audience.
Which country has the cheapest luxury items? ›
Germany is specifically noted for offering designer bags at notably lower prices compared to other countries. This is attributed to lower retail prices and the tax refund system available to non-EU residents, making Germany a lucrative shopping destination for luxury goods.
Which country has the cheapest Gucci? ›
With the UK being seen as the cheapest country to buy Gucci, closely followed by its neighbours on the continent of Europe, it is only fair that these bargain prices are available no matter where you live.
Is it cheaper to buy Louis Vuitton in Greece? ›
This is a common question asked by many especially if they are heading to Greece for a holiday. The answer to that question is is same. Louis Vuitton generally maintains consistent pricing for its products across the Eurozone.