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Hermès’s resilience and status in the luxury world are akin to Apple’s in the tech industry. The iPhone maker trades on a far higher price-to-earnings ratio than some competitors and is known ...
Pierre-Alexis Dumas is a sixth-generation descendant in the luxury Hermès empire known for its Birkin and Kelly bags. He insists the handbags aren’t expensive, they’re just costly.
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A handbag is so much more than a repository for your keys and wallet; it can showcase your style and bring a flash of color and verve to any outfit. ... The 6 Most Expensive Designer Bags in the ...
Birkins are a popular item with handbag collectors, and were once seen as the rarest handbag in the world. [5] [6] The bag's value is a matter of its intentionally high price, which has led to its being described as a Veblen good. [7] [8] In 2020, retail prices start at US$11,400 for a Birkin 25 bag. [9]
The ubiquitous "Brides de Gala" version, introduced in 1957, has been produced more than 70,000 times. An Hermès scarf is sold somewhere in the world every 25 seconds; by the late 1970s, more than 1.1 million scarves had been sold worldwide. [6]
How Jane Birkin inspired the capacious saddle-stitched status symbol worn on the arms of A-List celebrities today — and why the bag’s prices have been soaring.
"Hermès is playing in a different league," JPMorgan analysts said in a note, referring to the French luxury brand that rivals LVMH and Kering.