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":"338f0b37c8a3eecd16351e3b3677c3cf","s":"bf08ad4fffc784b8"}
Share your thoughts. Click here