Luxury
Hermès looks to raise prices as wealthy shoppers continue splurging on Birkin and Kelly bags, driving sales up 21% last year
It’s been tricky to get a read on how luxury spenders have been thinking lately—sales slowed for the likes of French behemoth LVMH in mid-2023, and then bounced back, while Gucci owner Kering has struggled to clock in growth during the same period. But one company has managed to defy…
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