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":"8919c2cb3cd2856045332f98657d365e","s":"efe0ca7941db4e89"}
Share your thoughts. Click here