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The bag has a customer rating of 4.7 stars out of five, as of Monday morning, and buyers, in their reviews, praised the bag's quality and appreciated the craftsmanship. Birkin bags: A symbol of wealth
The bag quickly became a symbol of wealth and exclusivity due to its high price and assumed long waiting lists. [4] 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 ...
Some of NWL's assets were acquired out of bankruptcy by NSC Wholesale Holdings Inc., operated by former NWL executives. [1] As of February 2018, NWL operated 12 retail locations in Massachusetts, New Jersey, New York, and Pennsylvania. [2] The company filed for bankruptcy again in October 2018 and closed its 11 remaining stores. [3]
Most wholesalers get their fashion stocks from the producers that commercialize the latest collections in bulk, at volume discounts. [1] Others purchase overstocks and closeout merchandise from retailers or distributors. Their clients are the resellers that purchase those stocks and sell it to the final consumers.
The notoriously exclusive process of acquiring the iconic handbag, which can cost between $8,000 and $450,000, is now the target of a class-action lawsuit.
Gandee, Charles, "Jean-Louis Dumas-Hermès Is Flying High," House & Garden (New York), August 1990. "The Handbags to Have," The New York Times, 14 April 1991. "Hermès: Still in the Saddle," Women's Wear Daily, 25 September 1991. "Hermès of Paris, Inc.," The New York Times, 5 October 1991. Slesin, Susan, "Ah, the Horse," The New York Times, 21 ...