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Hermes bags seem to be 'having a moment even in the pandemic'

Feb 22, 2021 10:58 IST

French luxury goods manufacturer Hermes shared that its classic Birkin and Kelly bags have been having a moment even during the pandemic.

The sale of the two bags, each of which cost approximately $20,000, helped fuel a 12.3 percent increase in fourth-quarter sales of the company. 

Experts attribute this to the fact that "well-heeled consumers now have fewer places to spend their cash."

The company further shared that in 2020, its sales fell just 6%.

 

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