French fashion house Hermes is refusing to be bagged by Louis Vuitton Moet Hennessy. On Thursday, a French court of appeals confirmed a January decision that will allow the descendants of Thierry Hermes to form a holding company to keep a majority of shares in family hands.
Can a designer shirt really snag you a better job offer? If so, maybe you'd be better off putting that college savings into your child's wardrobe.
The Japanese are the world's most voracious consumers of luxury goods, from Louis Vuitton handbags to Cartier jewelry to Hermes high fashion. So purveyors of those luxury goods are justifiably worried about the effect of the Japanese quake and tsunami on their bottom lines.
Take a stroll up Madison Avenue and one will see a number of vacant storefronts with "for lease" signs in the windows that are too numerous to count. But that isn't stopping Hermes, which will open its first store dedicated to men's ready-to-wear, accessories on Wednesday. $8,500 handcrafted baseball mitt, anyone?
