Wednesday 10 June 2009

Customers Are Still Snapping Up Hermes Croc Skin Bags – 8/6/09

"We cannot face demand. We have massive over-demand.” This is what Hermes’ CEO Patrick Thomas told the Reuters Global Luxury Summit in Paris. Thomas was referring, of course, to the manufacture of their most exclusive crocodile-skin bags, which are still being snapped up by customers. In the Reuters’ article, Hermes Breeds Own Crocs To Meet Bag Demand, he also bemoaned the lack of crocodiles, comically stating, "the world is not full of crocodiles, except the stock exchange!"

Leather goods continue to be a money-spinner for Hermes, who have employed 50-100 extra leather workers this year.


Posted by MO at 8:00 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au