When Reed Krakoff suspended operations in March 2015, the brand’s namesake designer promised that wouldn’t be the last we heard from his company. A little over a year later, he’s back, but at an entirely different price level.
It was just last June that we reported to you about a new high in handbag resale prices: Christie’s Hong Kong had just sold a pink crocodile Hermès Birkin for a record high of $221,000. That record didn’t even make its first anniversary; earlier this week, Privé Porter announced it had broken that record with a $298,000 Birkin of its own, and it’s one that will look familiar to PurseBlog readers.
You may have heard about Kendall and Kylie Jenners’ recently launched shoe line, aptly named Kendall + Kylie; the youth-focused (but not cheap) collection landed in some huge retailers, including Nordstrom and Neiman Marcus. Handbags were conspicuously absent from the mix, especially for two sisters who love them so much, but that won’t be true much longer: Women’s Wear Daily reports that for fall, the sisters’ handbags will debut in stores like Neiman Marcus and Saks.
Ever since news broke that Marc Jacobs was doing away with his Marc by Marc Jacobs diffusion line and consolidating products under his main label at a variety of price points, we’ve been waiting to see what exactly that would mean in practice, since brands traditionally limit product to a relatively narrow price range.
Yesterday, Racked writer Chavie Lieber took a deep dive into the history of a bag most of us have probably had in our closets at one time or another: the Longchamp Le Pliage Tote. If it feels like the simple, functional Le Pliage has been unfalteringly popular with everyone you know for years, you’re right: they’re everywhere, but in a very careful way.
“Investment” is a word that gets thrown around a lot when it comes to luxury fashion, but when it comes to actual, annual increases in value, Hermès Birkins are the gold standard. According to a data evaluation recently done by resale platform Baghunter, that might be even truer than bag lovers previously thought.
If you’re looking to give a very hard-to-find gift this holiday season or finally add a sought-after bag to your own collection, you’ve got one more big chance before Christmas. Today at 11 a.m. Eastern, Mansur Gavriel will update its website with its full product line, and you can snag one if you act quickly.
Although sales are slowing in the long-booming Asian luxury market, it probably won’t surprise bag lovers to hear that Hermès continues to increase its sales and meet the expectations of industry-watching analysts. It also probably won’t surprise you to hear why; Bloomberg credits the brand’s strength with the Birkin’s perpetual scarcity.
We’ve known for several months that Chanel has plans to expand its retail presence on its official website, and yesterday, we got the first peek at what the brand has in store. Via Chanel.com, you can now browse and buy a large selection of sunglasses, which is one step closer to the online handbag sales we’re so desperately hoping will one day appear.
Update 10.28.15: Chanel reached out with a statement from a company spokesperson that we added at the end of the article to clarify the policy change.
Last year we had quite a few major Chanel rumors swirling around the PurseForum, and the biggest were about a price increase (which happened) and the Chanel Grand Shopping Tote’s possible discontinuation (more on this soon).
If you’ve been as fond of Dior‘s handbags as we’ve been lately, we have some unfortunate news to share this morning. Raf Simons, Dior’s much-lauded creative director of 3.5 years, has decided not to renew his contract with LVMH, the brand’s parent company, according to an announcement made yesterday in Paris.