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How Hermès became the ultimate status symbol
  + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +11 min
A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.
Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, , waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn
How Hermes Became the Ultimate Status Symbol
  + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +11 min
Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.
Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, , waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn
Republican U.S. presidential candidate former Arkansas Gov. Former Republican presidential candidate and ex-Arkansas Gov. Asa Hutchinson endorsed Nikki Haley on Saturday, days before she tries to take on frontrunner Donald Trump in the New Hampshire primary. Hutchinson is a conservative whose opposition to Trump became central in his longshot bid for the GOP primary before he dropped out Tuesday. His backing comes a day after another of their former rivals in the GOP presidential contest, South Carolina Sen. Tim Scott, endorsed Trump.
Persons: Asa Hutchinson, Tucker Carlson, Nikki Haley, Donald Trump, Hutchinson, Trump, Haley, New Hampshire's Jan, South Carolina Sen, Tim Scott, Vivek Ramaswamy, Larry Hogan, Trump's Organizations: Republican U.S, Arkansas Gov, Former Fox, Iowa, Republican, GOP, Twitter, New Hampshire's, Trump, Maryland Gov Locations: Des Moines , Iowa, New Hampshire, America, Iowa, New, South Carolina
The Iowa caucuses might have continued to be a nothingburger if New York Times correspondent RW “Johnny” Apple hadn’t pulled a journalistic PT Barnum act by coming to Iowa in the 1970s and making it a show. But if the Iowa caucuses ever meant anything, they mean less now. After all, Ted Cruz won the Iowa Republican caucuses in 2016, the year Donald Trump won the election; former Arkansas Gov. He mocked Iowa Gov. Trump did show up to the Iowa State Fair, but he pointedly avoided “fair-side” conversations hosted by Iowa’s governor.
Persons: Lyz Lenz, Johnny ” Apple hadn’t, Apple, salivating, Jimmy Carter, , I’ve, Pete Buttigieg, Ron DeSantis, John Hickenlooper, feverishly, Vivek Ramaswamy, Nikki Haley, outpace, Mitt Romney, Pennsylvania Sen, Rick Santorum, Ted Cruz, Donald Trump, Mike Huckabee, Arizona Sen, John McCain, Buttigieg, Joe Biden, Trump, He’s, Kim Reynolds, DeSantis, Bob Vander Plaats, Iowa, they’ll, he’s, Reynolds, Haley, Organizations: CNN, Republican, New York Times, Democratic Party, Apple, Georgia Gov, Florida Gov, Republicans, Massachusetts Gov, Democratic, Iowa Republican, Arkansas Gov, Trump, Iowa Gov, Family Leadership, Fair, Iowa’s, Capitol, Twitter, Facebook Locations: Iowa, Lyz Lenz Pilsen, Georgia, South Bend , Indiana, Sioux City, Florida, Dallas, Colorado, Cedar Rapids, Massachusetts, Pennsylvania, New York City, America, Arkansas, Arizona, New Hampshire
[1/2] File photo: Bob Vander Plaats, President and CEO of The Family Leader, speaks during the Family Leadership Summit at the Iowa Events Center in Des Moines, Iowa, U.S., July 14, 2023. DeSantis had courted Vander Plaats, president and CEO of the Christian advocacy group the Family Leader, in recent months. "If President Trump wins Iowa here, I think it's going to be awfully hard to make the case that you can beat President Trump. Recent polls have shown Trump with about a 30-percentage-point edge in Iowa over DeSantis and former United Nations Ambassador Nikki Haley. As he has before, Vander Plaats in the interview denied any connection between the funds and his support.
Persons: Bob Vander Plaats, Scott Morgan, Ron DeSantis, Donald Trump, Iowa’s, Vander Plaats, Trump, Joe Biden, DeSantis, Iowans, Nikki Haley, Ted Cruz, Trump’s pollster, Tony Fabrizio, Kim Reynolds, Haley, James Oliphant, Alexandra Ulmer, Gram Slattery, Daniel Wallis, Lisa Shumaker Organizations: Iowa, REUTERS, Republican, Fox News, Democrat, Reuters, DeSantis, United Nations, U.S, Trump, Thomson Locations: Des Moines , Iowa, U.S, Florida, Iowa, DeSantis
Ukrainian Presidency | Anadolu Agency | Getty ImagesWASHINGTON — The Republican primary debate in Milwaukee Wednesday is expected to showcase the deep divisions within the party over America's role in the Russian war on Ukraine. Scott Olson | Getty ImagesFormer Vice President Mike Pence was the first Republican candidate to travel to Ukraine after Russia invaded. He says the Russia-China axis is by far the top threat to U.S. national security and merits more focus than the Ukraine war. Tim ScottLikely Republican presidential candidate and U.S. Joseph Prezioso | AFP | Getty ImagesThe former New Jersey governor was the second Republican candidate to visit Ukraine after Pence.
Persons: Ukraine Volodymyr Zelenskyy, Joe Biden, Donald Trump, Carlos Barria, Vladimir Putin, Volodymyr Zelenskyy, Trump, could've, Sean Hannity, Zelenskyy, Biden, Mike Pence, Scott Olson, they've, Pence, Putin, Vivek Ramaswamy, Tucker Carlson, Scott Morgan, Ramaswamy, Nikki Haley U.S, Nikki Haley, Kevin Lamarque, Haley, Tim Scott, Brian Snyder, Tim Scott of, Scott, Ron DeSantis, Scott Brown, Reba Saldanha, DeSantis, pushback, Chris Christie, Joseph Prezioso, Christie's, Christie, Francis Suarez, Miami Mayor Francis Suarez, Ronald Reagan, Mario Tama, Getty Images Miami Mayor Francis Suarez, Suarez, Will Hurd, Hurd, Republican frontrunners Trump, Doug Burgum, Dan Koeck, Asa Hutchinson, Arkansas Asa Hutchinson, Drew Angerer Organizations: Anadolu Agency, Getty Images WASHINGTON, Republican, Milwaukee Wednesday, GOP, New York Times, U.S, Army, National Defense, Reuters, Fox News, NATO, Getty, NBC News, Marine Corps, Vivek Ramaswamy Republican, Former Fox, Iowa, United, United Nations, American Enterprise Institute, New Hampshire Institute, Politics, Saint Anselm College, NBC, Ron DeSantis Florida Governor, Republican U.S, New Jersey, New Hampshire Town Hall, AFP, New, CNN, Miami Mayor, Library, Getty Images Miami Mayor, National, Harvard, Republican Party of Iowa, Former, CIA, Disney, Doug Burgum North, Reuters North, Asa Hutchinson Republican, Washington Hilton Locations: Ukraine, Kharkiv, Russia, Ukrainian, Milwaukee, United States, Europe, Moscow, Iran, Siena, Fort Drum , New York, U.S, South Carolina, Ankeny , Iowa, Russian, Kyiv, Berlin , New Hampshire, Des Moines , Iowa, China, Eastern Europe, Arlington , Virginia, Taiwan, North Korea, Manchester , New Hampshire, Tim Scott of South Carolina, America, Ron DeSantis Florida, Rye , New Hampshire, Reuters Florida, New Hampshire, Goffstown , New Hampshire, New Jersey, Bucha, Simi Valley , California, Harvard, Former Texas, Texas, Crimea, Desantis, Doug Burgum North Dakota, Fargo , North Dakota, Reuters North Dakota, Arkansas, Washington ,
Former Fox News host Tucker Carlson could see two of the wealthiest GOP business megadonors, Rebekah Mercer and Peter Thiel, invest in his new media company, according to people familiar with the matter. Mercer has spoken with Carlson since his April departure from Fox News about possibly investing in his as yet unnamed media company, sources told CNBC. Thiel has hinted to allies that he could invest in the venture after hearing from Carlson's side, these people added. Shortly after leaving Fox, Carlson began hosting an episodic show on X, the platform formerly known as Twitter. Rebekah Mercer and Peter Thiel have for years been separate investors in a diverse array of conservative startups.
Persons: Tucker Carlson, megadonors, Rebekah Mercer, Peter Thiel, Mercer, Carlson, Thiel, Neil Patel, Fox, Devon Archer, Joe Biden's, Hunter Biden, Archer, Hunter, Andrew Breitbart, He's, Donald Trump, Robert Mercer, haven't Organizations: Fox News, GOP, CNBC, Mercer, 1789, Fox, Dominion Voting Systems, Twitter, Wall Street Journal, Republican, Breitbart News, Wall Street, Trump, Summit Locations: Iowa
Complicating the matter for DeSantis: Trump, the front-runner in the race by far, appears unwilling to provide him with a target. Rival campaigns smell blood in the water as DeSantis has faced questions over profligate campaign spending and his readiness for the national stage. In the most recent Reuters/Ipsos poll, released last week, Trump held 47% of the Republican vote nationally, with DeSantis dropping six points from July down to just 13%. Rick Santorum, a former U.S. senator and Republican presidential candidate who participated in a series of debates in the 2012 election, said DeSantis will need to be ready for an “onslaught” of attacks. “If I was on that stage, I would be going after Trump,” Santorum said.
Persons: Ron Desantis, Tucker Carlson, Scott Morgan, Florida Governor Ron DeSantis, Donald Trump, Trump, DeSantis, Nikki Haley, , Robert Bigelow, Rick Santorum, Santorum, , ” Santorum, Justin Sayfie, Jeb Bush, ” Sayfie, Charlie Crist, Haley, Doug Burgum, Chris Christie, Tim Scott, Vivek Ramaswamy, Mike Pence, Pence, Christie, “ That’s, ” Aaron Kall, It’s, ” Kall, Marco Rubio, James Oliphant, Gram Slattery, Colleen Jenkins, Alistair Bell Organizations: Former Fox, Iowa Events Center, REUTERS, Florida Governor, Trump, Republican, United Nations, Reuters, Harvard Law School, TRUMP, New, University of Michigan, Thomson Locations: Florida, Des Moines , Iowa, U.S, Milwaukee, Haley , North Dakota, New Jersey
A video of a white-haired county executive in Long Island, New York, hit with water balloons as part of a local parade tradition is falsely described online as showing former U.S. Vice President Mike Pence. A pinned comment by the author reads: “The water balloons and soaker guns are a long tradition at the Stewart Manor parade. I had fun even if I got a little wet!”However, a tweet shared almost 9,000 times said: “Watch Mike Pence get smacked in the head by a water balloon!” (here), with many users responding to the post as though the video shows Pence. Another viral tweet was captioned: “Breaking News: After saying he doesn't care about struggling American cities - Mike Pence is hit by kids throwing water balloons” (here). The clip shows a Nassau County, New York politician hit by a water balloon as part of a parade tradition, not Mike Pence.
Persons: Mike Pence, Pence, Bruce Blakeman’s, Tucker Carlson, ” Carlson, , ” Pence, Read Organizations: Nassau, Mets, Yankees, Facebook, Republican, Reuters, Ukraine, SPAN, CBS Locations: Long Island , New York, Nassau County, Stewart, Iowa, Russia, U.S, United States, Nassau County , New York
DeSantis was absent from the event in his home state, and Trump used the opportunity to attack him. Trump said DeSantis' candidacy was divisive and poked at him over insurers dropping plans in Florida. "We are totally dominating DeSanctus right here in the state of Florida," Trump said, mispronouncing the governor's last name. They're dividing the party, although he's dropping so quickly he's probably not going to be in second place much longer." I said 'I thought you were a DeSantis follower,'" Trump remarked, before declaring that the GOP primary so far has not been competitive.
Persons: Trump, DeSantis, Donald Trump, Ron DeSantis, needling, Joe Biden, DeSanctimonious, I'm, Bryan Griffin, Iowans, , Mike Pence, Vivek Ramaswamy, Nikki Haley, Sen, Tim Scott of, Chris Christie, Asa Hutchinson of Organizations: Service, Gov, Republican, Sunshine State, GOP, White, Conference, West Palm Beach, Trump, Tennessee G.O.P, Family Leadership Locations: Florida, Wall, Silicon, West Palm, South Carolina, Tim Scott of South Carolina, New Jersey, Asa Hutchinson of Arkansas
DES MOINES — Former Fox News host Tucker Carlson sparred with former Vice President Mike Pence over the war in Ukraine here Friday at the Family Leadership Summit. The two argued over whether Ukrainian President Volodymyr Zelenskyy’s government was respecting religious liberty. While on Fox News, Carlson was frequently critical of Ukraine and U.S. support for the country in the war with Russia. Tucker Carlson and Former Vice President Mike Pence speak at the Family Leadership Summit. “I’m really never surprised by Tucker Carlson,” he replied.
Persons: Tucker Carlson sparred, Mike Pence, Pence, Tucker, , Carlson, Jan, “ I’ve, ” Pence, Volodymyr Zelenskyy’s, , Zelenskyy, Tucker Carlson, Scott Olson, Donald Trump, Ron DeSantis —, “ I’m, Joe Biden Organizations: MOINES, Former Fox News, Family Leadership, Capitol, Ukrainian, Fox News, Ukraine, Florida Gov, Carlton Locations: Ukraine, U.S, Russia, United States, America, Ukrainian
DES MOINES — Friendly chatter between moderator Tucker Carlson and Republican presidential hopeful Asa Hutchinson quickly devolved during an onstage interview Friday at the Family Leadership Summit, a major gathering of social conservatives. Right off the bat, Carlson asked the former Arkansas governor if his stance had changed from when he vetoed a ban on gender-affirming care for transgender youth in 2021. As Carlson repeatedly questioned him about care for transgender minors, Hutchinson asked Carlson to move on. Tensions escalated further when the former Fox News host pivoted to vaccines, asking how many shots Hutchinson had received. While speaking to reporters after his interview with Carlson, Hutchinson said he nevertheless believes he won over Iowa voters.
Persons: Tucker Carlson, Asa Hutchinson, Carlson, Hutchinson, , “ Tucker, ” Carlson, ” Hutchinson, he’d, Hutchinson interjected, “ I’m, Organizations: MOINES, Family Leadership, Fox News, National Guard, Iowa Locations: Arkansas
Bob Vander Plaats, the conservative evangelical kingmaker in Iowa politics, now knows what happens when you turn over your Republican presidential showcase to Tucker Carlson. Mr. Carlson was given the task of interviewing six Republican presidential hopefuls at the Family Leadership conference in Des Moines on Friday. In the hands of Mr. Carlson, the former Fox News host who was recently fired, Ukraine became the bad actor in the conflict, not Russia. The most heated exchange came when Mr. Carlson interviewed former Vice President Mike Pence before a packed auditorium in Des Moines’ convention center. Mr. Pence was berating the Biden administration for being too slow to provide advanced weaponry to Ukraine.
Persons: Bob Vander Plaats, Tucker Carlson, Jesus, Vladimir V, Putin, Carlson, Kim Reynolds, Mike Pence, Pence, Biden Organizations: Republican, Family, Gov, Fox News Locations: Iowa, Des Moines, Ukraine, Russia
Kim Reynolds signed a bill into law Friday that bans most abortions in the state as early as six weeks into pregnancy. But it is already facing a legal challenge after a group of abortion providers in the state filed a suit to try and stop the law. Protestors fill the Iowa State Capitol rotunda, as the Iowa Legislature convenes for special session to pass 6-week 'fetal heartbeat' abortion ban Tuesday, July 11, 2023. National Committee Chair Jaime Harrison called the ban the “latest show of abortion extremism from MAGA Republicans.”“Governor Kim Reynolds just signed a cruel abortion ban into law among a crowd of extremists who cheered as Iowan women’s abortion rights were stripped away,” Harrison said in a statement Friday. Meanwhile, anti-abortion groups, including National Right to Life and Iowa Right to Life, praised Reynolds and the law’s supporters in the state legislature for the abortion ban.
Persons: Kim Reynolds, , Reynolds, Zach Boyden, Holmes, , Roe, Wade, ” Reynolds, Jaime Harrison, ” Harrison, ” Kristi Judkins Organizations: CNN, Iowa Republican Gov, Family Leadership, Republican, Iowa, Capitol, Des Moines Register, Iowa’s, MAGA Republicans Locations: Iowa
CNN —Facing a long summer of running from behind former President Donald Trump, Florida Gov. Ron DeSantis is for now resisting calls to dramatically change course in his presidential campaign, instead targeting the first debate in late August as his opportunity to alter the trajectory of the race. DeSantis’ campaign has already surpassed the donor threshold requirement of 40,000 unique donors and appears on track to meet the polling threshold as well. DeSantis’ political team expects his activity in the coming weeks may look subdued compared to other candidates who may need an attention-grabbing moment to attract donors and support to meet the debate requirements. “People want to support Ron but don’t like this kind of stupid stuff,” the fundraiser told CNN.
Persons: Donald Trump, Ron DeSantis, doesn’t, Trump, it’s, DeSantis, , Fox’s Maria Bartiromo, Privately, Chris Christie, “ That’s, , Erick Erickson, Erickson, Steve Cortes, I’ll, ” Cortes, ” DeSantis, Phillip Huffines, Biden, ” Huffines, he’s, ” Erickson, Jeff Angelo, ” Angelo, Casey, DeSantis ”, Joe Biden, Caitlyn Jenner, Tomi Lahren, Ron Organizations: CNN, Florida Gov, GOP, Trump, New, New Jersey Gov, Summit, PAC, Republicans, Biden, Republican, Twitter, Miss, Locations: Florida, South Florida, New Jersey, Iowa, Trump . Iowa, New Hampshire, Texas, Dallas, Ohio, Wisconsin
The selected day is also the date that a judge has set for a defamation trial against Mr. Trump filed by E. Jean Carroll. Ms. Carroll (who also has filed a separate defamation suit) won a civil case against Mr. Trump in May. The last time the state held its caucuses in January was in 2012, when they occurred just three days into the new year. Still, many Republican candidates, and voters nationwide, see the now-firmly-red state as crucial to gaining early momentum and national attention. And Mr. DeSantis’s wife, Casey, visited Iowa on Thursday for an event held alongside the state’s Republican governor, Kim Reynolds.
Persons: Donald J, Ron DeSantis, Mike Pence, Tim Scott of, Trump, Jean Carroll, Ms, Carroll, , Mr, George W, Bush, DeSantis’s, Casey, Kim Reynolds, Scott, Pence, DeSantis, Tucker Carlson Organizations: Republican, Trump, Gov, Mr, Republicans, Family, Fox News Locations: Florida, Tim Scott of South Carolina, South Carolina, New Hampshire, Nevada, Iowa, Des Moines
Hub Group Inc. said David Yeager, who has been chief executive of the provider of rail-focused freight services for more than a quarter of a century, is retiring and handing the reins to his son, Phillip D. Yeager, on Jan. 1. The Oak Brook, Ill.-based company said Thursday David Yeager, who also has been chairman since 2008, is retiring as CEO but will continue as executive chairman. Hub said Phillip Yeager, who joined the company in 2011 and has been president and chief operating officer since 2019, will become president and CEO at the start of 2023 and will join the board. Another son of founder Phillip C. Yeager, Mark Yeager, left the business in 2015. Brian Alexander, currently executive vice president of logistics, will succeed Phillip Yeager as COO, the company said.
Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.
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