Louis Vuitton Set to Raise Price Tags This Week as Costs Climb

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Louis Vuitton, LVMH's top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters. Louis Vuitton, the world's biggest luxury brand, will become one of the first big labels in the industry to hike prices widely this year to protect its margins as costs soar.

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Louis Vuitton Set to Raise Price Tags This Week as Costs Climb

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