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Acquired

Hermès

7304.11 - 7326.97 Unnamed Speaker

So it's like 5% above, 4% or 5% above inflation. Which is more, but not an egregious amount. Right. There was a study that found that the Birkin 30, which is one of the sizes in Togo leather, didn't even equal the rate of inflation in the US. I'm trying to figure out what the motivation here is because it's a tremendous restraint. There's no cash grab happening.

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