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":"2f322cc53eac558498f4ae5b4f6d1e6d","s":"34c12f0492d0f9cd"}
Share your thoughts. Click here