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According to exchange filings viewed by Bloomberg, Guarrand owned 10,147 Hermès shares at the end of last year, meaning he sits on assets worth more than €21.6 million ($23.9m).
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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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.
Much like shoes and jewelry, handbags are more than just an accessory, they're a status symbol. Handbags have long been a part of women's fashion, dating back to 1854, when Louis Vuitton...
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.
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