Financial services
May 12, 2022
Chanel is among the luxury brands that have introduced price increases. Image credit: Chanel
By Katie Tamola
As inflation continues to permeate the across the globe and fuel economic anxiety, the luxury industry may see more ripple effects.
{"ct":"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","iv":"3ad79ae40947fa92313137385405d8fa","s":"bf41a50e74f10e89"}
Share your thoughts. Click here