If the Hermès resale market seems suddenly more flush in the near future, there might be a very good reason why: At the end of last week, a band of thieves filched 500 Hermès bags from a packaging and logistics facility outside Paris, according to Women’s Wear Daily.
In The News
When it’s still this cold at the end of March, it’s impossible not to start thinking about travel to places on the globe where we can get some relief. In that sense, the Louis Vuitton The Spirit of Travel Spring 2015 campaign is perfectly timed–who wouldn’t want to look at images of models, beautiful bags in hand, frolicking in front of perfectly turquoise seas in the French West Indes?
If you noticed that Chanel took its handbag prices off its website earlier this week, we now know why: yesterday, Women’s Wear Daily reported that the brand will begin “harmonizing” its global prices on April 8. That means some markets will see significant increases in handbag prices, while others will see big drops.
Late last week, Women’s Wear Daily reported that Reed Krakoff would suspend operations while in pursuit of new investment to keep the line afloat. While the news itself is a surprise, it’s not shocking that something was up at Krakoff’s company; it’s the third young, well-known brand in the past several months to either partially or completely shut down.
Even though bags rarely take center stage at runway shows, they, along with cosmetics and shoes, are the things that brands usually need to sell in order to keep business chugging along; most designers cannot survive by clothes alone. That means that when it comes time for brands to communicate with customers, bags often end up as a central focus.
Today is International Women’s Day, and if you’re not familiar with it, plenty of fashion brands and companies are interested in broadening your awareness. The day, which was originally founded in the early 1900s is intended raise awareness for gender inequality and celebrate female accomplishment the world over.
There’s an old saying about the only sure things in life being death and taxes, but if you’re a handbag buyer, there’s another inevitability: price increases. With brands like Chanel, Hermès and Louis Vuitton, they’re fairly easy to track; because the bags are only available from the company’s boutiques, all the new product arrives at once and sales associates warn their loyal customers in advance.