Luxury clothing may get expensive in 2020

Louis Vuitton (LV) firm has been viewed as a price setter by the luxury industry for a long time now. Other companies usually follow its lead in setting their prices. The prices at Louis Vuitton have seen a 6% hike last year after being flat for almost four years, according to Credit Suisse.

Deloitte’s BenchMarque tool has seen a 4% price hike in China by LV. The cost of these products has also risen in UK and Japan over the la....