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☆ Actress and singer Jane Birkin dies, France loses an 'icon'
▼ + stars: | 2023-07-16 | by ( John Irish | ) www.reuters.com time to read: +4 min

PARIS, July 16 (Reuters) - British-born actress and singer Jane Birkin, a 1960s wildchild who became a beloved figure in France, has died in Paris aged 76. Jane Mallory Birkin was born in London in December 1946, daughter of British actress Judy Campbell and Royal Navy commander David Birkin. [1/8]A person takes a photo near the house turned museum where late actor and singer Jane Birkin has lived with singer Serge Gainsbourg, in Paris, France July 16, 2023. "It's unimaginable to live in a world without you," said French singer Etienne Daho, who produced and composed Birkin's last album in 2020. She is survived by two daughters the singer and actress Charlotte, born in 1971, and Lou Doillon, also an actress, born in 1982.

Persons: Jane Birkin, Birkin, Serge Gainsbourg, Paris Mayor Anne Hidalgo, Jane Mallory Birkin, Judy Campbell, David Birkin, John Barry, Michelangelo Antonioni, Pascal Rossignol, Gainsbourg, Jane, Etienne Daho, Brigitte Bardot, Bardot, Jacques Doillon, Jean, Louis Dumas, Charlotte, Lou Doillon, Kate, John Irish, David Goodman, Frances Kerry Organizations: French Culture Ministry, Paris Mayor, Royal Navy, REUTERS, Moi, BBC, Vatican, Thomson Locations: France, Paris, French, London, British

☆ Amazon leaders are worried that a 'Day 2' mindset is seeping in at the company
▼ + stars: | 2023-07-16 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Selipsky does work at a "big company" of course, but he doesn't want Amazon to feel that way. At Amazon, it's always supposed to be "Day 1," the dawn of a new era where the customer comes first and bold bets are backed. Selipsky said in the staff meeting that Amazon has to keep the mentality that "we are going to be the insurgents." Economic update: I wrote a week ago that the dream scenario for the economy was looking more likely by the day. More than 30 people involved in the tech industry told us the real problem was lazy managers.

Persons: Adam Selipsky, it's, Insider's Eugene Kim, Selipsky, that's, Andy Jassy, let's, Arantza Pena, —, David Clapp, Insider's Adam Rogers, Rogers, Phil Rosen, George Mickum Mike Vitelli, George Mickum, he'd, Birkin, Mitchie Nguyen, Matt Turner, Hallam Bullock, Lisa Ryan Organizations: AWS, Federal Trade Commission, San, Getty, Google, LinkedIn Locations: San Francisco San Francisco ,, San Francisco, Manhattan

☆ Jane Birkin: An Adventurous Artist Made in England, Forged in France
▼ + stars: | 2023-07-16 | by ( Elisabeth Vincentelli | ) www.nytimes.com time to read: +2 min

In 1969, the year that “Slogan” came out, Birkin had a supporting role in Jacques Deray’s scorching, now cult thriller “La Piscine” alongside Alain Delon and Romy Schneider. Throwing yet another twist into her career is that after Gainsbourg, Birkin was in a relationship with the uncompromising filmmaker Jacques Doillon. It felt like a new Jane Birkin, inhabiting her physicality in a way that was almost dangerously unrestrained — and it earned her the first of three César Award nominations. The next year, she appeared in a Marivaux play directed by the influential Patrice Chéreau at his Nanterre theater. Despite her trepidation, her performance was a success, and Birkin continued to appear onstage, alternating, as was her wont, between boulevard fare and Euripides.

Persons: —, — Birkin, ”, Birkin, Jacques Deray’s, Alain Delon, Romy Schneider, Joe Dallesandro, Andy Warhol, Paul Morrissey, Gainsbourg, Peter Ustinov, Bette Davis, David Niven, Mia Farrow, Angela Lansbury, Jacques Doillon, Alma, Birkin’s, Andrew, Jane Birkin, Patrice Chéreau Locations: Nanterre

☆ Jane Birkin: Decades of Effortless Elegance
▼ + stars: | 2023-07-16 | by ( Guy Trebay | ) www.nytimes.com time to read: +2 min

There were the babydoll dresses that few besides the actress Mia Farrow ever wore with greater élan. “Her style was very different from American style,” Ms. Sui said, and it introduced “something new to our fashion vocabulary.” What exactly was it about that style, the designer was asked? Perhaps, in the end, the Hermès Birkin bag provides the best example. Before its invention, Ms. Birkin was often photographed toting a straw marketbasket crammed with makeup, keys and assorted paraphernalia. “I would love to have been a sort of neat person and wear a Kelly,” Ms. Birkin once explained, referring to a prim, boxy-style handbag created and named for the film star Grace Kelly.

Persons: Mia Farrow, she’d, Ms, Sui, Birkin, Jean, Louis Dumas, Kelly, ” Ms, prim, Grace Kelly, “, Courroies, Sotheby’s, Kim Kardashian, Kylie Jenner, Jennifer Lopez, Cardi Organizations: YouTube Locations: daises, French, Paris, London

CNN —Jane Birkin, the British singer and actress who found fame in France, has died aged 76, CNN affiliate BFMTV reported Sunday, citing its sources. She was the inspiration for the famous Birkin bag by French luxury house Hermes. Gainsbourg went on to write “Je t’aime… moi non plus” for Birkin and the song became an international hit that same year. She also managed to carve out a prolific career in the world of music, releasing several records in the French language. Dumas was true to his word and the Birkin bag was introduced in 1984.

Persons: CNN — Jane Birkin, BFMTV, Birkin, Serge Gainsbourg, Gainsbourg, Jane Birkin, Emmanuel Macron, ”, Lou Doillon, Jane, Charlotte, Doillon, Charlotte Gainsbourg, Serge, Kate Barry, John Barry, Jean, Luc Godard, Agnes Varda, Bertrand Tavernier, Steve Wood, Cesar, Jacques Doillon, Kate, Christiane Amanpour, Louis Dumas, Hermes, Mason Rothschild, Kelly, Grace Kelly – Birkin, Amanpour, “, Dumas Organizations: CNN, Paris, CNN’s, Air, British Vogue Locations: British, France, Paris, French, London, Air France, Dumas

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ Knockoff designer bags and shoes are more believable than ever. Here's how 'superfakes' became so difficult to tell apart from the real thing.
▼ + stars: | 2023-07-08 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

"Superfakes" are gaining popularity as high-quality designer knockoffs. Designer brands have been combatting knockoffs for decades, but a rising category of "superfakes" can trick the most experienced experts. Here's how superfakes became so difficult to tell apart from the real thing. However, any product that intentionally replicates a brand's product, using its logo, name, or intellectual property is considered a knockoff. Both designer brands and third-party marketplaces have invested millions in combating counterfeits, but the issue is so widespread that it's impossible to stop them all.

Persons: knockoffs, Gen Z, superfakes, Couture, Tommy Hilfiger, Gucci, Dior, Superfakes, Yves Forestier, They've, TikTok, Hermes Birkin, Charles Gross Organizations: Social, Service, Counterfeit, New York Times Locations: Wall, Silicon, New York City, Paris, France, Italy

☆ MSCHF’s ‘microscopic’ Louis Vuitton handbag sells for over $63K at Joopiter auction
▼ + stars: | 2023-06-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —A minuscule handbag measuring just 657 by 222 by 700 microns (or less than 0.03 inches wide) sold for over $63,000 at an online auction Wednesday. Barely visible to the human eye, the fluorescent yellowish-green bag is based on a popular Louis Vuitton design — though it is the work of a New York art collective, not the luxury label itself. Microscopic 'Louis Vuitton' handbag sold for $63K at an auction, the latest project from art collective MSCHF. MSCHFThe sale was hosted by Joopiter, an online auction house founded by American musician, record producer and designer Pharrell Williams. “Pharrell loves big hats, so we made him an incredibly small bag,” he told the newspaper.

Persons: Louis, Louis Vuitton, Pharrell Williams, Williams, Louis Vuitton’s, Kevin Wiesner, “ Pharrell, MSCHF, ”, Andy Warhol, Damian Hirst, Birkin, Iggy Azalea, Janelle Monáe, ’ Organizations: CNN, Louis Vuitton, Joopiter, New York Times, Nike Locations: New York, Brooklyn, American

☆ ‘And Just Like That …’ Style Recap: The Case of the Missing Birkin
▼ + stars: | 2023-06-29 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

When Seema’s Birkin was taken, it sent me right down the rabbit hole to “Sex and the City,” Season 3, when Carrie’s Fendi Baguette was snatched — and then a very similar Baguette reappeared in this episode. Jeremy Allen Once again, purse as plot point! How was that actually quite large Birkin just lying under shrubbery? JA I was also struck by how Covid really became a plot point for the first time in this series — especially sartorially. Callie Holtermann I caught myself laughing a couple of times during this episode — sometimes with the characters and other times at them.

Persons: Vanessa Friedman, Seema’s Birkin, Carrie’s Fendi Baguette, —, Jeremy Allen, Madison Malone Kircher, Louis Lucero, Louis, Birkin, Covid, Carrie, Callie Holtermann Organizations: City, Giuliani’s, York Times Locations: Giuliani’s New York

Representatives for Hermes and Rothschild did not immediately respond to requests for comment on the decision. Hermes said in a filing in March that Rothschild continued to market his NFTs after the jury's verdict. Rothschild told the court that Hermes' request went "far beyond what is appropriate in a case, like this one, that involves artistic expression." Rakoff largely granted Hermes' request, but decided not to order Rothschild to transfer the tokens out of an "abundance of caution" for 1st Amendment concerns. The case is Hermes International v. Rothschild, U.S. District Court for the Southern District of New York, No.

Persons: Hermes, Mason Rothschild's, Birkin, Jed Rakoff, Rothschild's, Rakoff, Rothschild, Sonny Estival, Gerald Ferguson, Deborah Wilcox, Oren Warshavsky, Rhett Millsaps, Christopher Sprigman, Mark McKenna, Rebecca Tushnet, Lex Lumina, Jonathan Harris, Adam Oppenheim, Harris St, Laurent, Wechsler Read, Blake Brittain Organizations: Hermes, Constitution, . Rothschild, Southern, of, Baker, Hostetler, Thomson Locations: Manhattan, U.S, . Rothschild , U.S, of New York, Washington

☆ His Girlfriend Wanted a $10,000 Birkin Handbag. He Spent 60 Hours Making Her a Replica.
▼ + stars: | 2023-06-19 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Alexander Sway once made a pine cone for fun. The Bellevue, Wash., real-estate agent stumbled upon a particularly beautiful specimen one day while on a walk, and was inspired to make a cardboard replica of it. He taught himself three-dimensional design and learned to use a 3-D printer and laser cutter at his local library. He turned the finished pine cone into a lampshade.

Persons: Alexander Sway Locations: Bellevue, Wash

☆ Prestigious Rose Breeder Names Its New Bloom for a Black Gardener
▼ + stars: | 2023-06-17 | by ( Remy Tumin | ) www.nytimes.com time to read: +1 min

For more than 60 years, David Austin Roses has bred the world’s most prestigious blooms. They are the Air Jordans, the Birkin bags, the Steinway pianos of roses, and have become what we know, smell and delight in as the modern English rose. And every year for more than 60 years, David Austin Roses has named one or two new varieties after historical British figures, including Queen Elizabeth II, Emily Brontë, Roald Dahl and Charles Darwin. At the Chelsea Flower Show in London last month, David Austin Roses introduced the Dannahue, an apricot-colored English shrub rose named after Danny Clarke, a gardener known to his social media followers and to television viewers in Britain as the Black Gardener. The shrub is available only in Britain for now but will be sold to American gardeners next year.

Persons: David Austin, Birkin, Queen Elizabeth II, Emily Brontë, Roald Dahl, Charles Darwin, David Austin Roses, Danny Clarke, Clarke, ” Organizations: Chelsea Locations: London, Britain

☆ Gucci’s horsebit loafer is still a coveted status symbol 70 years on
▼ + stars: | 2023-06-08 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

Despite their vastly differing personal styles and occupations, they have all been spotted in a pair of Gucci horsebit loafers. In mid-June, coinciding with the menswear shows at Milan Fashion Week, Gucci will stage an exhibition celebrating the legacy of its signature loafer. In 1974, George H. W. Bush wore a pair of horsebit loafers to meet then-President Gerald Ford. Through the decadesThe success of Gucci’s horsebit loafers has been far-reaching, and the secret to their ongoing relevance may lie in the shoe’s versatility. The horsebit loafer is Gucci’s answer to the near-philosophical question: What shoes do I wear?

Persons: George H, Bush, ’, Jane Birkin, Wiz Khalifa, Gucci horsebit, Gucci, loafers, Gerald Ford, David Hume Kennerly, Birkin, Francis Ford Coppola, Sophia Loren, Charlotte Casiraghi, Jodie Foster, Brad Pitt, Zoe Kravitz, Gigi Hadid, Guccio Gucci —, —, Aldo, Rodolfo, Vasco, Guccio, Serge Gainsbourg, Gucci’s, Alessandro Michele, JB Lacroix Organizations: CNN, Metropolitan Museum of, Milan Fashion, Golden Globe, MTV VMA, Savoy, Wall Locations: Cannes, Monégasque, London, Florence, Italy, New York, France

☆ Canada Goose caution on U.S. eclipses upbeat annual sales forecast
▼ + stars: | 2023-05-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

However, shoppers in the United States are putting a pause to a post-pandemic splurge on high-end clothing and accessories, with companies including ultra-luxury fashion houses like LVMH (LVMH.PA) and Gucci owner Kering (PRTP.PA) seeing sagging demand. Canada Goose, popular for its bright-red parkas and pricey puffer jackets, saw U.S. revenues decline 4.5% in the reported quarter. Still, a 65.4% surge in Asia Pacific revenue, coupled with robust demand in Europe and Canada, helped the luxury winterwear maker beat expectations in its fourth-quarter results. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Canada Goose sees upbeat annual sales as China recovery gains steam
▼ + stars: | 2023-05-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Canada Goose, popular for its bright-red parkas and pricey puffer jackets, has about 18 retail stores in Mainland China - the highest number of outlets it has in any country. The company is also planning to double its store count worldwide over the next five years, from 51 permanent stores currently. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion, according to Refinitiv data. However, it forecast annual per-share profit in the range of C$1.20 to C$1.48, compared with estimates of C$1.46 per share. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Canada Goose sees annual sales above estimates on China rebound
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - Canada Goose Holdings Inc (GOOS.TO), forecast annual sales above Wall Street estimates on Thursday, betting that a sharp rebound in key luxury market China would help the luxury winterwear maker ride out a slowdown in U.S. demand. Revenue from Canada Goose's Asia Pacific segment jumped 65.4% to C$114.1 million in the quarter ended April 2, compared with a 5.2% drop in the previous quarter. That has buttressed sales at a time when luxury shoppers in the United States have paused a post-pandemic splurge on high-end goods, with companies including LVMH (LVMH.PA) and Gucci-owner Kering (PRTP.PA) reporting sagging sales in the market. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, compared with analysts average estimate of C$1.33 billion, according to Refinitiv data. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

But with flights remaining limited after China's border reopening in January, European luxury stores will need to wait longer for the return of masses of tourists they once depended on for growth. The average transaction value by Chinese travellers in Europe in March was 28% above 2019 levels, UBS said, citing data from VAT refund provider Planet. Cartier-owner Richemont (CFR.S), Hermes (HRMS.PA) and LVMH were best placed to benefit from wealthy Chinese shoppers, UBS added. As wealthy Chinese return to Europe and other foreign destinations, the appeal of China's Hainan Island, a duty free shopping hotspot, appears to be waning among top luxury spenders. China's "higher income, top luxury spenders (are) already travelling abroad again," she said, leading to an observable lower per-capita spend in Hainan.

☆ Inside the Delirious Rise of ‘Superfake’ Handbags
▼ + stars: | 2023-05-04 | by ( Amy X. Wang | Grant Cornett | ) www.nytimes.com time to read: +3 min

Once upon a time, the legend goes, Theseus slew the Minotaur and sailed triumphantly home to Athens on a wooden ship. What if, Thomas Hobbes wondered, someone rustled up a second boat out of the discarded planks; would you now have two original vessels? Not long ago, I found myself wandering through Paris with a fake Celine handbag slung over my shoulder. In France, a country that prides itself on originating so much of the world’s fashion, punishments for counterfeiting are severe, to the point that I technically risked three years in prison just by carrying my little knockoff around. My plunge into the world of fantastically realistic counterfeit purses — known as “superfakes” to vexed fashion houses and I.P.

☆ Bernard Arnault, the world's richest person, was nicknamed the 'wolf in cashmere' by rivals because of his predatory takeover moves. His company just hit a $500 billion valuation.
▼ + stars: | 2023-04-29 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Bernard Arnault is head of luxury giant LVMH and the world's richest person worth $206 billion. He earned the nickname the "wolf in cashmere" because of his ruthless moves to acquire rivals. It's enabled him to create the world's largest luxury conglomerate, which was valued at $500 billion this week. "Arnault is a man of great vision," Pierre Mallevays, former head of acquisitions at LVMH, previously told The Guardian. It was during his pursuit of Hermès International that he earned the nickname of the "wolf in cashmere."

☆ Fashionphile founder and CCO explains why that 'ludicrously capacious' bag from 'Succession' had a 310% spike in online searches
▼ + stars: | 2023-04-23 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Since "Succession" character dubbed this Burberry bag "ludicrously capacious," search for the brand has spiked. One of the show's central characters, Tom Wamsgans, scoffs at the luxury bag, describing it as "ludicrously capacious." Tom Wamsgans' comment about another character's "ludicrously capacious" bag in season four of "Succession" went viral. Macall B. Polay/HBOIn the weeks since the episode aired, searches for "Burberry tote bag" have jumped 310%, according to virtual fitting room company 3DLOOK, per Harper's Bazaar UK. Searches for "Burberry handbag" are up 180%, while "Burberry tote" increased 25%.

☆ Birkin bag maker Hermes sees no U.S. slowdown as sales jump 23%
▼ + stars: | 2023-04-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/2] A craftswoman works on a Birkin bag at the luxury goods Hermes factory in Seloncourt October 4, 2013. REUTERS/Benoit TessierPARIS, April 13 (Reuters) - Sales at Birkin bag maker Hermes (HRMS.PA) rose 23% in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and accessories despite higher prices and global market turmoil. The increase of 23%, at constant exchange rates, beat a Visible Alpha consensus for 15% growth. Hermes raised prices by around 7% at the start of the year, a higher rate than its usual 2-3% annual increase. In China, where Hermes was less affected than competitors by lockdowns that dented sales for many at the end of last year, revenues grew by 23% in the quarter.

Hermes said in a court filing Friday that Rothschild has continued to market his NFTs despite the jury's verdict last month. Rothschild's attorney Rhett Millsaps said they will oppose Hermes' motion in court filings this week. Hermes sued Rothschild last year over his MetaBirkins, 100 NFTs associated with images depicting the bags covered in colorful fur. "Rothschild has continued acting as he has since November 2021 — brazenly violating Hermès's intellectual property rights," Hermes said. The case is Hermes International v. Rothschild, U.S. District Court for the Southern District of New York, No.

☆ Should You Beat Up Your Birkin? Why Worn-In Luxury Bags Are Selling Fast
▼ + stars: | 2023-02-18 | by ( Katharine K. Zarrella | ) www.wsj.com time to read: +1 min

ABOUT 20 YEARS ago, while dining in San Francisco, Lisa Unger Sandman was nearly startled out of her seat. That should never be on the floor!” shrieked a woman at a nearby table, pointing to Ms. Unger Sandman’s black Hermès Kelly bag. Chastened, Ms. Unger Sandman, now a retired banker in Raleigh, N.C., snatched up her purse which, in the current market, often costs at least five figures. Today, Ms. Unger Sandman, 60, would ignore such a reprimand and isn’t so worried if her Kelly risks bodily harm. In its 2023 luxury consignment report, resale site the RealReal noted higher demand than ever for bags in “fair” (i.e., heavily worn) condition.

☆ A luxury buying spree is sending shares of companies like Gucci owner Kering and Hermes soaring
▼ + stars: | 2023-02-16 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Shares of Kering and Hermes are up 17% and 23% year-to-date, partly on optimism around China's reopeningShares of LVMH hit an all-time high of $176.13 earlier this month. Kering, Hermes, and LVMH helped lead the French CAC 40 to a record high on Thursday. Shares of LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, hit an all-time high of $176.13 earlier this month. Kering, Hermes, and LVMH made up a third of the French CAC 40 index's 14% gain this year, which helped propel the benchmark index to a record high on Thursday. The CAC 40 is outperforming the Stoxx Europe 600 Index, which has increased about 9% year-to-date as well.

☆ A fugitive billionaire just auctioned off $3.2 million worth of luxury handbags — see highlights from his prized collection
▼ + stars: | 2023-02-09 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Billionaire Joseph Lau sold $3.2 million worth of luxury handbags at a Sotheby's auction. Lau is a prolific collector who's purchased roughly 1,500 Hermès bags, Bloomberg reported. The collection included one Chanel bag and 76 Hermès bags, including both the iconic Birkin and Kelly styles. Lau's collection extends beyond handbags to diamonds — including a $53 million 12-carat blue diamond — and art by Andy Warhol and Jean-Michel Basquiat, Bloomberg reported. Lau has auctioned off other pieces in his collection over the years, including $20 million worth of art and fine wine.

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