Hermes overtakes LVMH as world’s most valuable luxury company after lackluster sales
Lauren Simonetti of Fox Business has New York City details about “Cavuto: Coast to Coast.” LVMH handed over the title on Tuesday as the world’s most valuable luxury company. Known for brands such as Louis Vuitton, Dom Perignon, Givenchy, Tiffany & Company and Tag Heuer, LVMH’s market capitalization was around 244.1 billion euros mid-Tuesday, lower […]
Family that owns Hermès to receive $5.5 billion in dividends
Family managing luxury fashion Empire Hermes International It is set to collect dividends of over $5 billion Meanwhile, each employee will be back home with a $4,850 bonus after four consecutive years of record-breaking revenue. This is better than its competitors amid the widespread slowdown across the industry. The roughly 100 heirs, who collectively control […]
Boguie NYC arcade for ‘kidadults’ offers luxury prizes like Hèrmes bags, Chanel wallets — and don’t bother bringing just quarters to play
There's no need to take a few blocks to a Queens arcade popular with adults looking for luxury goods like Hermès bags and Chanel wallets. At Gatcha, a 9,000-square-foot gamer's paradise in Flushing, a single pull of a crane machine costs $50 and you can buy a $3,600 Hermes Picotin bag, a $600 Chanel purse, […]
Demi Moore’s dog Pilaf poses in an Hermès Birkin bag for pup-themed Vogue cover
Demi Moore’s dog Pilaf poses for Vogue magazine’s new “Dogue” issue. Vogue Magazine/Instagram Move over, Anna Wintour. Vogue has another top. Demi Moore’s miniature Chihuahua, Pilaf, made his debut on the cover of “Dogue” on Wednesday, making a special appearance posing among a variety of designer bags. Vogue magazine’s dog-themed feature. The 1.2-pound pup was […]
Hermès heir Nicolas Puech’s $13B fortune has seemingly vanished after vowing to award huge chunk to his gardener
The reclusive Hermes heir’s multi-billion dollar fortune appears to have vanished just months after he promised to donate the bulk of his vast inheritance to gardeners. Nicolas Puech, 81, the French fashion house’s largest individual shareholder, was ruled by a Swiss court on July 12 that asset manager Eric Freymond cannot be held responsible for […]
You’ll never guess what Kim Kardashian carries in her tiny $30K Hermès Kelly bag
Who said wallets have to be practical? Kim Kardashian has revealed the (very) few items she keeps inside her miniature Hermes Kelly bag, which retails for over $30,000, but is worth less than a fraction of her bag’s price tag. Kardashian was seen having dinner with “American Horror Story” creator Ryan Murphy and her mother, […]
Hermès Birkin bags can double in value in 5 years: expert
Luxury experts say the Hermès Birkin handbag is a coveted item, and once it leaves the store, it becomes even more coveted, doubling in value in just five years. said James Firestein, founder of luxury goods resale and authentication platform OpenLuxury. luck When the value of his Black Togo 30 Birkin doubled in five years, […]
Hermès accused of violating antitrust law by only selling Birkins to ‘worthy’ customers
A new class action lawsuit in California accuses Hermès of violating antitrust laws by selling its iconic Birkin handbags only to customers who have a sufficient history of purchasing other products. The lawsuit, filed Tuesday in federal court in San Francisco, alleges that the salespeople sold Hermès ancillary products (commonly purchasable items such as scarves, […]