From the New York Post, April 17:
Pricey Birkin bags are about to get more expensive — if you can get your hands on one.
Hermes, the high-end fashion house behind the A-list accessory, plans to hike prices on all its items in the US to counter President Trump’s tariffs, the luxury retailer said Thursday.
Their costly clutches start at around $20,000 and reach well into the six-figures — meaning the current 10% tariff on goods from the European Union could see a spike of around $2,000.
The Paris-based company — which manufactures the vast majority of its goods in France — didn’t specify how much it will hike prices but said it will be enough to offset any hit to growth from the Trump tax, according to Eric du Halgouet, Hermes’ executive vice president of finance.
Hermes did not immediately respond to The Post’s request for comment....
....MUCH MORE
Rabobank Does A World Tour Of Tariffs and Currencies And War And...
....Birkin bags.
As we've noted over the years: Rabobank gives Michael Every a lot of freedom in his choice of topics....
Possibly also of interest:
"Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished"
Intro - Have they checked the couch cushions? People say they sometimes find things behind the couch cushions....
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Outro - Well this story has it all doesn't it. Except for the thirteen large, of course.
We happened to catch the gardener story in December: "Hermès heir wants to leave his fortune to his gardener"
And a quick mention as part of the one-line outro from June's "LVMH, The Arnault Family And An Olympics Like None Other" wherein Gentlemen's Quarterly referred to the Arnault family as "the world's richest family":
A quick note, despite being too lazy to look it up I'm pretty sure the Walton clan is ahead of the Arnault fam. on the net worth leader board. The branches of the the Dumas, Guerrand and Puech
The picture links have rotted in the Balenciaga post but Bored Panda delivers the goods.
