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Luxury brands Louis Vuitton, Tiffany under pressure in Japan because of weaker yen
Posted on March 12, 2013 by Cherrie Lou Billones in Business with No Comments
The effects of Prime Minister Shinzo Abe’s monetary policies are starting to be felt more and more, with sellers of luxury items constrained to raise their prices to keep up with the weakening yen.
The likes of Tiffany & Co. and Harry Winston are getting ready to follow the steps of Louis Vuitton Japan, who have already increased their prices, as they were faced with a dilemma—if they raise prices, sales may likely lower; but if they don’t, they will lose out on millions of dollars in profits.
the likes ofのlikes(名)は"similar kind"で、「 同種類のもの[人]; 〔…の〕ような人(店、企業)など 」という意味になります。(GP)