Luxury handbags jump in price as brands make up for coronavirus hit
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MILAN/BEIJING (Reuters) - Top luxury brands from Chanel to Louis Vuitton have increased prices of some of their most coveted products as they seek to make up for sales lost during weeks of coronavirus lockdowns.High-end houses have all reported brisk business in South Korea and the key Chinese market, where shops began to reopen in March, partly offsetting a slump in Europe and the United States - where restrictions are only just starting to be lifted.But with consultancy Bain estimating sales..