Luxury brands forced into unpopular decisions, even Hermès feels the strain

Luxury brands forced into unpopular decisions, even Hermès feels the strain

The luxury sector may be largely European, but only the cost of goods is in euros (or Swiss francs). When it comes to revenues, analysts at Bernstein point out, luxury brands generate a significant portion in US dollars or currencies pegged to the dollar. As the US currency weakens, those same brands are now being…

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