Daniel Grieder’s Post

You certainly get what you pay for here

2024 is already quite the interesting year in terms of wearables and we've barely even started. If you're interested in wearables or smart textiles at all, this is a pretty comprehensive and convenient way to see which way the fashion winds will be blowing for 2025-2026.

Ready to turn your handbag dreams into reality? Let us handle the design, manufacturing, and logistics. Connect with us on social media for updates. #HandbagDesign #FashionDreams #BarcelaDistribution #apparelsourcing #privatelabelsourcing #privatelabel #lingerie #sneakers #emergingbrands #apparel #brandcollaboration #fashionindustry #apparelmanufacturing #sourcing

Hermès sued in California for #antitrust practices and #unfair #competition. Two individuals alleged that Hermes has taken advantage of the “market power” that results from the “unique #desirability, incredible #demand and low #supply” of its #Birkin #handbags in order to increase the prices of – and profits it earns from – its Birkin bags. Independently from whether these are founded claims, I like to remark how #marketing desirability can have negative side effects for #luxury #brands. In a previous post I made a connection between #desirability and #counterfeiting. Now, #desirability is linked to unfair business practices. What do you think? https://lnkd.in/gtfhHP8V

The iconic Hermes Birkin bag stands as a timeless symbol of luxury, coveted by fashion enthusiasts worldwide. Yet, acquiring one through Hermes is no easy feat, as the waiting game has intensified over the years. Business Insider spoke with our VP of Procurement and Authentication, Lara Osborn to discuss the advantages of buying on the secondhand market. By shopping secondhand, “You can try on bags to see if they work for you, browse different colors and sizes, and get a bag much sooner than you would new.” Read more: https://bit.ly/3TzqWY5

With far more demand than supply, Hermès #Birkin bags flip economics on its head by having a resale value of ~2x the original sales price. Of course, that’s only if you can get one. Demand is so high that when a shipment of Birkins arrive to a store, they are “assigned to individual sales associates,” who must make a case for why their client “deserves a Birkin and get the store manager’s approval.” Yet another reason why I love the #fashion industry. https://lnkd.in/emtwPUnt

Dive into the legal complexities surrounding Hermès' renowned Birkin handbags. Our latest article unpacks the class-action lawsuit, shedding light on the allegations and potential implications for the luxury brand. Read our analysis of the class-action lawsuit and its potential implications for one of the world's most prestigious luxury brands.   #Hermès #Birkin #LegalBattle #Trademark #IntellectualProperty

Luxury Scandal: Is Hermès Manipulating Customers to Boost Birkin Bag Profits? The hottest tea in town is that the iconic Hermès Birkin bag, a symbol of luxury and exclusivity, is at the centre of a controversial lawsuit that could shake the foundations of the high-end fashion world. ▶ Two California shoppers have taken legal action against Hermès, alleging that the brand's sales practices for its famous Birkin bags violate antitrust laws. ▶ The plaintiffs claim that Hermès requires customers to build a "purchase profile" by buying other luxury goods before they're given the opportunity to purchase a coveted Birkin. ▶ This alleged tying of Birkin purchases to other products has raised eyebrows and sparked a heated debate about the ethics of luxury sales tactics. Critics argue that these practices artificially inflate the price and scarcity of Birkin bags, manipulating customer loyalty and creating unfair barriers to access. ▶ The lawsuit also claims that Hermès sales associates receive commissions for selling ancillary products but not for Birkin bags themselves, suggesting a potential misalignment between customer needs and sales incentives. ▶ As the legal battle unfolds, the luxury industry is holding its breath. The outcome of this case could have far-reaching implications, setting new standards for acceptable sales practices and customer engagement. ▶ But beyond the legal ramifications, this scandal raises deeper questions about the values and authenticity of luxury brands. In an era where consumers are increasingly seeking transparency and fairness, can exclusive tactics like these survive? ▶ I believe this case should serve as a wake-up call for the industry. It's time to reevaluate our strategies and ensure that we're building genuine, trust-based relationships with our customers. Many believe that exclusivity and prestige shouldn't come at the cost of integrity and fair play but can luxury be truly democratic? https://lnkd.in/emew9S7m #luxpreneur #luxurynews #linkedinnews #luxurybusiness #hermes #classaction #lawsuit #luxurytea -------------------------------------------------------------- ▶ I'm Elizabeth Solaru founder of the Diversity in Luxury Awards and I love coaching small luxury business owners. ▶ Interested in having me speak at your event? I'm ready to share insights on navigating the luxury market, captivating high-end clientele, and mastering the art of entrepreneurship. ▶ Let's connect! Reach out to me at [email protected] on how I can help you. Stay in the loop by hitting the 🔔 on my profile for all the latest updates and exclusive content. Thank you for your continued support!

"Dior paid a supplier €53 apiece, roughly $57, to assemble a handbag that it sells in stores for €2,600, or about $2,780, according to documents examined as part of the probe. Armani bags, meanwhile, were sold to a supplier for €93, then resold to Armani for €250, and ultimately priced at around €1,800 in stores, the probe found. Some of the raided workshops, all of which were in Italy, were also making products for other fashion brands, prosecutors said. “Why does it cost so little to manufacture the product?” said Fabio Roia, president of Milan’s court system, which has overseen the probe. “The brands need to ask themselves this question.” Source: WSJ [link below] ---- We thought sweatshops were only in China! Turns out they can be found in Italy too, where illegal immigrants do the work. Image: A workshop where Armani products were made in northern Italy is seen in a partially redacted photo provided by Italy’s Carabinieri police. #luxury #retail #armani #dior #ecommerce

The outcome of the Hermès class-action lawsuit has implications not just for Hermes but the entire luxury industry. It potentially threatens to air the industry's dirty laundry and reveal to consumers the strategies brands use to keep prices high, trade secrets the industry would rather keep hidden. Get the scoop in my latest Forbes article with Michelle Mandelstein Chandler Mount Affluent Consumer Research Company. #luxurymarket #luxurybrands #classactionlawsuit #birkin #tradesecrets