![]() The gain was well above analysts’ estimates, and shares of Hermes gained as much as 4.3% in Paris. Global Appearance: Hermès is a French-based international company that was established in 1837. Shop our collection of Hermes online, including popular pieces such as rare Birkins. The company said Thursday that revenue rose 24% to €3.1 billion in the third quarter, excluding currency swings. Hermes pre-loved authentic designer handbags & accessories. Hermes is maintaining its pricing power because wealthy shoppers are still splashing out on luxury goods, even as household budgets are squeezed by higher energy costs and inflation. They are handmade from only the highest grade leather for durability and beauty. “Perception of ownership of Hermes as an investment, and as a sign of prosperity, is building,” said Deborah Aitken, analyst at Bloomberg Intelligence, which gives the company “added flexibility” when it comes to pricing. Everything about the Hermes Birkin bag is of the highest quality. Hermès handbags, really exceptional pieces, are today regarded as symbols of French refinement and luxury. A 10% increase would lift that to €8,140, though Hermes did not specify how much prices will be increased in that country. So far this year, the resale value of Hermès’ handbags is up 28 compared to last year, she said, and Birkins are leading the way with their average selling price up over 4,000 year-over-year. In previous years, the hike was typically about 2%, he added.Ī Birkin 25 in Togo leather currently costs €7,400 ($7,242) in France, a spokeswoman said. At the end of 2019 we introduced Hermès handbags into our Luxury Investment Index (KFLII) and with 13 annual growth they were the year’s top performing asset class. This compares with an average increase of around 4% this year, Hermes Chief Financial Officer Eric du Halgouet told reporters on a call after the company posted sales that beat estimates. StockX is the Stock Market of Things where you can buy and sell StockX Verified, new luxury handbags, watches, and accessories from top brands including LV. The French company plans to increase prices worldwide between 5% and 10% in January. ![]()
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