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https://www.wsj.com/articles/demand-for-luxury-goods-defies-price-hikes-11666266813
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PARIS—Inflation and other
economic headwinds aren’t cooling demand for high-price handbags and other luxury baubles.
On Thursday, Hermès International SCA, the French maker of $10,000 handbags, said it expects to increase its prices by around 5% to 10% after reporting sales that easily topped analyst estimates.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.