Last November, Hermes CEO Patrick Thomas told BusinessWeek that the upcoming hikes are largely due to price increases of luxe materials like cashmere, silk, and crocodile skin.
Maybe this is insensitive to Hermes shoppers and their giant bank accounts, but I’ll be furious if I hear a single person complaining about the price hikes: if you’re already handing over your credit card for an Hermes item marked at four or five figures, that extra few hundred bucks shouldn’t clean out your checking account or max out your credit limit.
Image via TheTrendCatcher
[Mizhattan via Racked]
