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":"3b93c77f3b4024fbc13e964c4778e615","s":"f57d2c8a2f40482e"}
Share your thoughts. Click here