The thriving secondhand trade in Hermès handbags could become a risk for the label’s shareholders, even as it creates an investment opportunity for lucky customers
No other luxury brand plays hard to get with wealthy shoppers quite as well as Hermès. But the thriving secondhand trade in its handbags could become a risk for the label’s shareholders, even as it creates an investment opportunity for lucky customers.
The Parisian company, which got its start making leather saddles and harnesses for horses in the 19th century, is a stock-market star. It has given shareholders average annual returns of 24% over the past decade and its shares now change hands for 41 times projected earnings.
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