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Tariffs
Kering, Hermès and Richemont accused of profiting from Trump tariffs

Reading time 2 min

Luxury brands could face US class actions over unjustified price hikes.
Luxury brands could face US class actions over unjustified price hikes. © Photomontage Glitz – Sources: Sipa USA (Alamy)

An American law firm is accusing the luxury giants of having inflated their prices to cover US tariffs – and then keeping the money after the Supreme Court struck them down. More than 80 similar class-action lawsuits are already underway.

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