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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.
I still don’t own a Birkin bag (*continues manifesting*), but Hermés’s newest—and arguably its biggest—fragrance launch makes me smell and feel like I’m one fancy step closer.
In Q3 2023, Hermès reported 16% growth, slowing from 28% in Q2 but still outpacing key rivals such as LVMH who was flat and Kering who reported a decline in Q3 2023. [38] Analysts suggest this resilience is due to Hermès impeccable brand image, storytelling, and positioning, as well as citing the broader consumer interest in "quiet luxury".
And if you’re looking to expand your repertoire even further, check out our roundups of the best Black-owned shoe and jewelry brands as well. You Might Also Like. Check out Agnes Baddoo, Petit ...
For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. [7] In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. [8] The company operates in 50 countries with more than 460 stores worldwide.
Though the investment is always a steep one, the bestselling designer purses from the most iconic labels carry their value over time and mean you own a piece of history. So, when determining what amon