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.
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","iv":"66b2c75ba3d4ddf1bae357c5daf513a7","s":"1099a04d1dd4adad"}
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