fashion + beauty + insider interviews + est 2006
Wednesday, July 23, 2008
usa - okay maybe luxury companies is over reaching. i am really talking specifically about one luxury company: hermes. the uber-luxury brand, which has some of the highest price points in the category (think upwards of $20,000 USD for a custom birkin bag, their staple product and a favorite of victoria beckham.) has announced that profits have grown over 12% in the second quarter, with primary profits being gained in america and asia. it just goes to show, as i mentioned in a previous huffington post column, that the reality of an economic recession is truly relative. just my two cents...
photo source: www.victoriaanddavidbeckham.blogspot.com