Louis Vuitton, LVMH’s top fashion brand, raised prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company said.

The world’s biggest luxury brand will become one of the first big labels in the industry to hike prices widely this year to protect its margins as costs soar.

The price increases will affect Louis Vuitton stores worldwide and cover leather goods, fashion accessories and perfumes, the spokesperson said. She did not give further details on the scale of the rises, beyond saying they would vary depending on the product...