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":"7d698c375c7422a49350c53d665c5e26","s":"017c1ba5facfe5c8"}
Share your thoughts. Click here