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"Hermès is playing in a different league," JPMorgan analysts said in a note, referring to the French luxury brand that rivals LVMH and Kering.
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.
Why are Birkins so expensive? The Birkin bag was “born in the sky, in 1984, on a flight from Paris to London,” according to Hermès. The late actress Jane Birkin was seated next to Jean-Louis ...
Thanks to its exclusivity and its status as an investment piece, a Birkin bag’s value is much higher than its sticker price of around $12,000.
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A two-week lapse in orders exemplified this shift: the Hermès workrooms were silent. [5] A market shift from artificial ingredients back to natural materials renewed demand for Hermès' fragrances and improved the company's prospects, contributing to the re-establishment of Hermès as a major player in the fragrance industry.
A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes on Thursday said operating margin last year reached its highest level since the French luxury ...
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.