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Hermès Financials Soared in 2022: Employees to Receive €4,000 Bonus
Image courtesy @thebirkinfairy @mrmoudz Another “exceptional” year for luxury brand Hermès. The company reports revenue up 23% (at current exchange rates) for the year ending 2022, with net...
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Hermès Succeeds Even As Shoppers in China Stay Home
Image courtesy Sixth Tone Hot off the heels of last week’s Hermès 2022 Financials comes this interesting observation. One of the PurseBop writers is presently in Paris and reports that there are few...
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LVMH Sales Revenues Continue to Rise in the First Half of 2023
Image courtesy: LVMH.com Luxury goods are still selling, at least according to the latest financial results from conglomerate LVMH, the parent company of Louis Vuitton and so many other popular...
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Hermès Revenues Rise 22% in First Half of 2023 With No Decline in United States
Image courtesy @rinkys Birkin and Kelly handbag purveyor Hermès remains in a class by itself, from a financial and luxury standpoint. Announcing its half-year results for 2023, Hermès stood out not...
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China Lifting Ban On Group Travel Abroad Is Good News for Luxury Brands
Last week (on August 10, 2023), China lifted the remaining pandemic era restriction on group travel tours abroad to places like the United States, Japan, and Australia. Earlier this year, that ban was...
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Hermès Continues its Upward Trend Despite Broader Luxury Pullback
If Hermès is any indication, then perhaps it’s not all doom and gloom for the luxury goods sector. Calling its performance “solid,” Hermès reported revenues up 17% at current exchange rates for the...
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Is Your Hermès Birkin or Chanel Flap Holding Value on the Secondary Market?...
Looking for a deep dive on what is selling in the secondary market? Well look no further. PurseBop commissioned a report from luxury resale experts at LePrix about which brands and items sell best and...
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Could 2024 Be the Year of Gloom and Doom for Handbag Lovers?
Everyday it seems there’s a different article about the doom or boom of the luxury goods market. One day it’s set to expand to new heights on the back (or backpack) of the ultra-wealthy and sales in...
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Chanel Speaks Out and Hints at Further Price Increases
Interesting. Notoriously private and privately held Chanel gave two public and published interviews this month. At first blush, perhaps it shouldn’t be a surprise that Chanel leaders participated in a...
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New UK Hermès Prices 2024
This article will be updated as more information becomes available. Please stay tuned to @pursebop / @boptalk for live updates and alerts. Mirroring what occurred this week in Europe and the United...
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Brace Yourself for Another Round of Chanel Price Hikes
Image courtesy Chanel.com Yes, you read that correctly. Chanel is planning another round of price increases for its popular handbag line, and likely that includes the Chanel Classic (or Iconic) Flap....
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Hermès Q1 2024 Revenues Jump (Again)
by Maura Carlin, Editor Luxury slowdown? What luxury slowdown? Hermès Paris reported “solid sales growth” in its Q1 2024 financial results earlier today. Revenues are up 13% over Q1 2023 at current...
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Chanel May Increase Prices Again in 2024 Despite Record-Level Revenues
By Maura Carlin, Editor Chanel reported record-level revenues in 2023 – up 16% (at comparable rates) over 2022 results, to $19.7 billion with double-digit growth in all business categories....
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Are Luxury Goods Just for Boomers?
Are luxury brands facing a customer balance dilemma? According to consultancy Bain & Company (Bain), in its Luxury Goods Worldwide Market Study with Altagamma, the Italian luxury goods...
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Which Two New Hermès Bags Attributed to the 15% Growth in 2024?
by Maura Carlin, Editor It’s good to be Hermès . . . as the reported slowdown in the luxury goods market seems to have minimal impact (so far). With “robust sales,” not only are Birkins and Kellys...
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