Global fashion brands including Tommy Hilfiger and Ralph Lauren are reportedly hiking up their prices amid unprecedented post-pandemic costs.
Brands from high street stores such as Next to other luxury retailers like Chanel have hiked prices by as much as 30% due to soaring costs, the pandemic and Brexit.
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According to reports, Upmarket labels are reportedly being forced to increase their prices next season due to a rise in shipping costs, cotton prices and expensive European exports.
Some brands are planning to spike costs as much as 20 per cent, sources told The Sunday Times, while some other brands have already jacked up prices by almost 30 per cent.
