Rising Luxury Goods Prices amid Falling Exchange Rates

SEOUL, July 26 (Korea Bizwire) – Following the suit of major luxury brands, such as Hermes, Luis Vuitton and Chanel in the first half of this year, Italian luxury brand Prada also joined the bandwagon of raising prices on its luxury goods lineups here in Korea. The brands gave several reasons about the decision: the increased personnel expenses and [...]