With Travel Season in full swing, and European streets filled with tourist shopping, I thought now would be the perfect time to discuss are Luxury brands cheaper in London or Paris. This has become such a hot topic due to the Brexit that happened a few years ago. Essentially, In 2020, the Brexit caused the UK to cut ties with the EU to be an independent country, but by doing so they lost the benefits of being part of the EU.
When it comes to shopping in the UK or London the main benefits that were lost, was the VAT tax refund shoppers receive as well as the built-in import tax that was discounted by being part of the EU. With that being said, let’s go ahead and calculate the difference between purchasing luxury brands in London and Paris
Are Luxury Brands Cheaper in Paris or London?
The Short Answer is Luxury Brands are cheaper in Paris compared to London! If you are traveling to both London and Paris and you are unsure where to purchase your luxury bags, accessories or clothes from, the answer is Paris!
Let’s take a look at a few examples. The first Example is the Chanel Classic Bag Size Small in Black. As Many of you know, I’m a huge fan of Chanel, which is why I’m excited to deep dive into these analytics. Small Classic Bag in Grained Leather (Caviar Leather) in Black Pricing and Currency Conversion as of July 2022
|Converted to USD||$7,810|
|Paris Pricing Minus |
VAT TAX Refund 12% ($930)
|Paris Pricing Converted to USD||$6,978|
That’s a savings of $990, almost $1,000 if you purchase the exact same Black Small Chanel Classic Bag in Grained Leather in Paris!! It’s 100% worth it to purchase this bag in Paris compared to London. The savings pretty much pay for your entire trip there. Shop Preloved Chanel handbags online.
The second Example, is the Cartier Love Bracelet. As a huge fan of Cartier, I get endless amounts of questions regarding the Cartier Love Bracelet price difference between London and Paris. Cartier Love Bracelet Yellow Gold, Width 6.1 mm (Thick Bracelet) Pricing and Currency Conversion as of July 2022.
|Converted to USD||$7,138|
|Paris Pricing Minus |
VAT TAX Refund 12% ($852)
|Paris Pricing Converted to USD||$6,392|
That’s a savings of $746 by Purchasing the Exact Same Cartier Love Bracelet in Paris! As you can see from both examples, you will save a significant amount of money if you go shopping in Paris for your luxury bags, accessories, and clothing! Plus, the train from London to Paris so super easy and it only takes 2 and a half hours! Shop Preloved Cartier Love bracelets online.
Why are Luxury Brands Cheaper in Paris compared to London?
You may be wondering, why are luxury brands cheaper in Paris compared to London. There are a few reasons that come into play here. The first one is in order for a luxury brand that is headquartered in Paris, Italy, or Europe in General to be sold in London, the brand has to pay an import tax. This forces the brands to charge more for luxury bags, accessories, clothes and more in stores.
The second main reason is when you buy luxury brands in the EU, such as Paris, France, Italy, Austria, etc. you receive what’s called a VAT TAX refund of 12% off purchases over 100 Euros. This is something that used to be available in the London, UK, but is no longer available due to the Brexit. Those are the two main reasons why luxury brands are cheaper in Paris compared to London.
Which Luxury Brands are Cheaper in Paris compared to London
When trying to determine if a luxury brand is cheaper in Paris compared to London, you must first look at where it’s headquartered. If the Luxury Brand is headquartered in Paris, Italy or anywhere in the EU, it will be cheaper in Paris compared to London. This is a general rule of thumb I follow to make it easier for me to decide which brands I’ll purchase in Paris compared to London.
The most popular brands that are cheaper in Paris vs London include: Balenciaga, Balmin, Bottega Veneta, Boucheron, Cartier, Celine, Chanel, Chaumet, Christian Louboutin, Dior, Fendi, Givenchy, Goyard, Gucci, Hermes, Louis Vuitton, Loewe, Dior, Yves Saint Laurent / YSL, Mugler, Tom Ford, Van Cleef & Aprel, and Many More!
Recap on Are Luxury Brands Cheaper in London or Paris?
In Conclusion, Luxury Brands are Cheaper in Paris compared to London. If you plan to go shopping, and you are in London, it’s definitely worth it to hop on the Eurostar train to go shopping in Paris. By Shopping in Paris vs London, you are able to save hundreds or even thousands of dollars on your luxury purchases, which can pay for the trip itself. Plus, with the Euro being Equal to the USD, now is the best time to go shopping in the EU!! Did you know that shopping for luxury brands is Cheaper in Paris Compared to London?
Sincerely Petite in Paris,