Affluent splash out on pricey Birkin bags but clouds loom

Affluent splash out on pricey Birkin bags but clouds loom

PARIS — Brushing off higher prices, affluent spenders continue to splash out on luxuries including $10,000 handbags and premium drinks, updates from Birkin bag maker Hermes and spirits company Pernod Ricard showed on Thursday.

Yet with prices set to rise further, analysts were asking how long the boom can last before even the wealthy decide they must tighten their belts.

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