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Affluent splash out on pricey Birkin bags but clouds loom
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Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags, high-end perfumes and premium drinks, trading updates from Birkin bag maker Hermes, Gucci-owner Kering, cosmetics giant L'Oreal and spirits company Pernod Ricard showed on Thursday.
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