Hermes will raise US prices to fully offset Trump tariffs
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Hermes will raise US prices to fully offset Trump tariffs
STORY: :: HermesFrance's Hermes will fully shift the burden of tariffs in the United States to its wealthy clientele.The company announced the news on Thursday (April 17), as it posted first-quarter sales that slightly missed expectations.Banking on its pricing power as one of world's most exclusive luxury brands, Hermes plans to add a premium ...
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French luxury group Hermes flagged plans to hike prices by 5% to 10% in 2023 on rising costs and currency fluctuations, much more than in the past, after a sharp rise in sales over the third quarter with no signs of any slowdown yet https://reut.rs/3gmF1s3 | Reuters
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