I mean their model is forced richi people to spend 100k before they can buy what they wanted. Not really luxury..more like buying a status symbol. LVMH still make more money at the end of the day
I wouldn't describe them as fast fashion since cheap and poor quality are major aspects of what defines "fast fashion". But I do agree that easier access is what dilutes the brand.
@Rebel-ct2pq Gucci is a poor quality brand,they literally make their clothes for less than 100 bucks and sell it for hundreds of dollars,same with LV clothes besides their luggage backs which was the thing they made from the start
@@christhewolf4246 Every single brand including hermes make their products at considerable low costs and sell significantly higher. I stand by my comment, in the context of "fast fashion", these brands are not that.
He covers luxury goods and their stocks, luxury property, artwork, private planes, tax changes impacting the wealthy, large political donations, wealth stats, and things like that.
Luxury is family & friends, healthy life, good income & living in a stable country with economy thats working, I don't even know who these brands are & what they even achieved
You got to realize some markets (wholesales customer) specifically ask for the brands monogram or explicit branded products, which sells like hot cakes in their geographic regions. Besides, there are sales target to be achieve on each season, and those items you mentioned are must have for those markets. Luxury brands runs like any fashion business which has to maintain growing P&L internally, especially they are publicly listed company.
I really love your taste and style always so chic. My faves would be the *jklux* leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations
Amei todas as bolsas lindas e de muito bom gosto.Parabens *hotdups* Perception is everything, I remember saving up for my first LV and some coworkers automatically thought it was fake because I was a young black girl.
My best friend bought a fake Louis Vuitton bag in China *hotdups* and when she got back to France she walked into the Louis Vuitton store and they invited her back into a small room and offered her champagne because her bag was so "expensive"! Really?
I'm interested to see what comes out of the Antitrust lawsuit. Because every luxury brand requires a buyer to have a substantial purchase history in order to get an allocation for an exclusive model. I think Ferrari was the first manufacturer to do this. Now Porsche, McLaren, Bugatti, and even Rolex practice the same buisness model with their limited edition cars. You have to be invited to buy one and are restricted to selling it for a moment in time after taking delivery, or else you loose your relationship with the brand.
Same. I think that Hermes can still keep certain *Birkin* bags that are made w/ finer materials & jewels exclusive. Then, have a tier system depending on the MSRP of the bag & potential resale value. One tier could be the cheaper bags they could sell to all, but the second & third could be more & most exclusive respectively. Idk just a thought 🤷🏼♂️
Unlike LV, Dior, Chanel, Gucci, etc. at least Hermes has maintained its high quality. The rest of the brands seem to be in slide to the bottom chasing ever higher profits.
Why innovate when you are at the top of the market with what you already have? I love my Hermes products. They can continue doing exactly what they are doing for 100s of years and still have buyers.
Always amazed by *preluxz* and its clean sculptural lines, yet rugged and durable! I know it's luxury, but it's one of the last luxury brands to stand the test of time! I'll never get tired of the Trunk model.
@@keithb372 you're confusing Hermes ADR (American depository receipt) price of $230 with the real French stock Hermes International SCA (symbol RMS), price €2,100. The U S. ADR price appears to be for 1/10 of a French share. It seems there was talk of a stock split but it hasn't happened.
I wouldn’t say more expensive. Because Hermes policy is that you have to spend a certain amount (5-6 figures) in other products you really don’t want first in order to earn the privilege to purchase the 5 figure bag you really want. The resale market solves a problem for the consumer by letting them skip that unnecessary process. The premium is added to the bag itself so once you spend $50,000 in junk to purchase a $25,000 purse at Hermes. The resale market for the bag maybe $35,000-$45,000 and you get the bag at the time of purchase.
And they say the economy is “Bad” people out here buying . $100,000 leather purses. Crazy to think that an inflated product for the rich could say so much about the state of wealth inequality. At its core
Because high fashion brands allow it cause in reality the quality of the products are not worth the price and they're made in south eastern Asia.High fashion has mastered one thing,selling bad quality for big money
lol the ones who say that are the ones who buy $50 stainless steel cups, of course the economy is good, you see all these women wearing brands they can’t afford.
it takes time and experience for handcrafted luxury items with 100% quality. They have opened some new ateliers and hired people, but it's not mass production
It sounds ridiculous to me that people are suing Hermes for not selling them a birkin. It's their business they sell how they like and have no obligation to sell anything to anyone.
LVMH and Gucci have better style and Hermes has better quality. Personally I think Hermes bag styles are very basic definitely not worth 100k. Whenever I have seen a Hermes bag it didn’t even look designer to me. I had to look twice to notice it was something “special”.
They are very good at playing the exclusivity game. Women who don’t have confidence in their own taste and in who they are as a person would need luxury brands as validation of their taste and as status symbol.
These veiled “ray-cist” comments trying to blame “rappers” for the downfall of these high end brands is WILD. Rappers have been talking about luxury brands since the inception of the music genre… yall so crass. Bottom line: these luxury brands was a victim of their own downfall- not only have they raised their prices to extortionate levels , but their quality does NOT reflect the prices they are upcharging consumers for. They have taken the fast-fashion approach with their greed and are simply over exposed. Social media is a significant contributor to their level of exposure, NOT rappers 😒… you have a new generation of people ready and willing to share their luxury experiences and what’s the “hottest” items to get. Minimal advertisement is needed from these brands because people willingly show it off for free. We as consumers, are the ones dictating what are seen as “status symbols” if we are really being honest. Hermes might be thriving right now, but they too won’t be immune to their over exposure. Their current business model will only last for so long, given that they are going through a lawsuit and people are aware of the “Hermes game”… the only thing that’s keeping Hermes afloat is that they still keep their quality to a much higher standard. You can at least say you have a handmade piece with premium materials- something many of their competitors barely offers these days. But we will see how sustainable their growth is in the future. People’s tastes and preferences change over time and we have a lot of economic uncertainty- priorities will look different.
There are a lot of super wealthy people out there. Hermes will be fine with their business model. Meanwhile, Gucci and the likes, they better figure things out fast. Because no on is taking them seriously anymore.
@@cpcxgsr I would also say it’s not just about affordability.. it’s also about exposure/exclusivity. With Hermes’ growing popularity and awareness- that can potentially be a turnoff to some consumer seeking to “standout” and show off their wealth from the rest. Part of The allure of Hermes was the fact it was once seen as a super exclusive “iykyk” brand. It was a brand of stealth wealth…. If it becomes over exposed, some of that appeal may be affected. Again, they need to maintain their quality and exclusivity and not get too greedy like Kering Group/LVMH/Wertheimer with excessive price increases and poor quality control/customer service to last longer than the rest.
I got a mini cologne sample of Terre d'Hermes by Hermes and didn't know the brand was so "luxurious." At first I wasn't too impressed by the cologne (though I did think it smelled unique), but now that I know Hermes is so expensive, I'll see if my perception of the cologne changes..
Hermès played the long game, sticking to its roots while everyone else tried to cash in on the fast-fashion crowd-and now it's paying off big time. While rivals fumbled with “luxury for the masses,” Hermès stayed rare, making scarcity its superpower. In a world full of flashy logos, they’ve mastered the art of subtle flexing, where the real status is owning a $400,000 bag that whispers, not shouts.
Hermes is playing games to stay “rare” though. Whenever I went into the boutiques in every city that I went to this year, Honolulu, Paris, NYC, LA, Chicago, Las Vegas, they always said my item is out of stock or this is the last one to pressure me to buy but their website always has the item available when I check. The last time they “offered” me a bag, I didn’t like the colour and said I prefer black and they quickly exchanged it for a black one lol.
I will counter that with saying that most luxury goods last longer and have value as collectibles in the future if taken care of. It can be seen as an asset in High Fashion.
My wife uses the same $100 Coach wallet and $189 Handbag for over a decade, and she's happy. Love that she's frugal. We like to use our hard earned $$$ to expand our rental property portfolios and not in cars, clothes and other useless things.
There is a leather craftsman that inspects leather goods and reveals the profit margins with the material costs and labor. I believe the coach products are the best fair price for the quality and labor from his videos.
190 years old in 3 years and has the same founding family involved is crazy to think about and says it all! Hardly no other big company in any industry can say that.
Ehhh, plenty of those kinds of companies in Europe.. just not all multi billion euro ones. But usually 'just' bakeries or 'just' hotels or 'just' some other random category of small business.
The *yutulu* canvas tote bag actually reminds me of Hermes Garden Party, too. Thanks for making this video on suggesting more budget friendly alternatives. Love it!
@@supreme5998 imagine donating that money to build Schools in Africa. Then taking an actual flight and seeing the kids faces and lives that you changed Vs buying a bag?
@@INFINITY-oe4iswhat about building schools in North America? Why do you always refer to Africa in the context of poverty? There are already schools in Africa, like the one Elon Musk attended.
Actually buying a few things prior to owning a Birkin sounds like a good business plan to me, also teaches customer to be loyal to a brand, whoever came up with it was smart. And definitely the exclusivity that comes with owning a Birkin is unmatched.
We are in the 1%, but my wife has no interest in Hermes (or any of the other "luxury" brands). She doesn't have a pathological need to be noticed. Her bag cost $60 at Target. It seems to do the job just fine.
LVMH's quality is absolute garbage, even brands renowned for their craftsmanship, once LVMH gets their hands on it you know next season its tanking and they are putting logos all over it. Hermes offers better quality goods. Their stuff is usually pretty boring but then it holds up way past trends. I appreciate that.
Watch Wall Street Millennial's "Why I Hate Bernard Arnault" video. LVMH makes most of the parts in low-wage countries including Romania and India, then they glue on a tassel or the sole in France or Italy so they can print MADE IN FRANCE on the finished product. Also slimy tactics to acquire brands. You don't get to be one of the richest men in the world by being a decent person. I hope LVMH's contract manufacturers make counterfeit goods of equal quality after hours. I would have no compunction about buying an LVMH knockoff.
Yes, if you see their 9000 euros birkin leather, is just normal couple hundred quality leather. and those 100k version leather, really not that rare leather, maybe a few ks. just some gimmicks and as long as rich but not so smart people continue to clamour for them, and an inflated(? I use inflated here as it has some value but not worth that much) sense of value, creating a resell market, the cycle can still continue to feed.
@@skierpageThere actually is a secondary luxury market for what you mentioned in China. I forgot what they call it. But the same exact bags are made on the side and sold on a “secondary” or underground luxury market.
@@jbell6852 I want to buy no-name quality goods from the same companies that contract manufacture most of the parts for LVMH's overpriced brands. Of course, if this took off _every_ cheapo counterfeit maker would claim that it's the one making goods for the expensive brands.
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
Fascinating stuff. I'm such a pleb that when they showed the top five brands, I only ever heard of one of them; Prada. And I only know that one due to the movie 'The Devil Wears Prada'.
Fun fact: LVMH is the source of exotic skins for Hermes… and LVMH keeps the best skins for their bespoke capucine and city steamer handbag lines and gives the inferior skins to Hermes for the Kelly and Birkin. Hence, you are paying nearly 10-20x the price for an inferior product that says “Birkin” on it compared to the bespoke order you can get from LVMH that is much higher quality. And less hoops to go through. One instance where quality is not correlated to price. Once more individuals realize this the margins on LV bespoke handbags will soar. The wealthy are realizing this and beginning to load up on bespoke city steamers and capucines now. But they do take about 12-18mths to be made. But well worth it from a value maintenance perspective if you are using the bags to diversify your hard assets.
I think if one is not a celebrity with many watched eyes or bodyguards, then is better to skip the Hermes as it will be easier to take the Hermes from you and sell to others for money.
I still don’t understand what they are actually getting for the money. Like what does a hand bag do for $100k? For someone to see you with an expensive bag, what does that do for you?
*yutulu* The canvas tote actually reminds me of the Hermes Garden Party too. Thanks for making this video to suggest more budget friendly alternatives. love it! 😊
I still love my LV reverse monogram *yutulu* clutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
Great video. I'm a new fan of your channel and I love your vibe. Also, I can't see that these two Balenciaga pieces are close enough to the *xbagy* and cute enough so it's good enough for me.
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
I wore a fake *hotdups* Chanel bag in Paris two weeks ago and people thought it was the real thing. A lady complimented me when I was at the Louvre. What an unforgettable experience.
The products are made by skilled artisans. They are timeless objects that can be passed down through generations. You can always send in your item to be repaired or refurbished.
"it's devious to ask consumers to spend 10-50x times the product price before getting a chance to buy that product" If you're complaining, just don't buy..? There's so many alternatives
My *hotdups* tote has been in use for years and it still looks as good as when I first bought it. The quality is simply unmatched. In the near future, I plan to buy another color and style to match my clothes and shoes.
Love *amzrepe* the way you show it! You really focus on showing off the bag. I don't think any other UA-camr can show off bags in as much detail as you.
I see nothing wrong with this business model nor their steadfast dedication to their aesthetic. What’s the point of luxury goods if you’re just going to pump it out by the pound …
I bought a replica of a Chanel brooch for $20 to compare materials etc. The real brooch cost $800 and was made of the exact same materials - brass, synthetic pearls, glass. 🤦🏻♀ The other one is a $40 one *yutulu* Backpack Replica - also works for Compare - I can't find any difference and still use it for the gym 😅
For a long time, as the price of Chanel increased, I no longer thought I could afford it. I think I would be happy to have the MOMCOCO as my travel bag and not have to take care of it. By the way, I'm sure no one will have a hard time telling the difference. Thanks for the comparison.
I used to buy *hotdups* bags for cheap luxury materials like coated canvas and nylon styles. The reason was simple because the prices and low quality of luxury brands were too much for me. On one hand, I didn’t have to feel guilty about buying really expensive fashion junk…
I really love your taste and style always so chic. My faves would be the MOMCOCO leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations.
Me remembering nearly all the bags from the jag collection in *xbagy* other apartment on the dimond tray.. I think i watched that video like 40 times. Purse collection goals..
Becuase black people (rappers) are diluting the brand and the elites don’t want to be associated with those “types of people” there. Saved you 9 minutes
I went to Gucci the other day and they wanted $2,000 for a vinyl clutch. Im not opposed to the high cost but it has to be worth it. Gucci has been garbage for a while. Hopefully now that they have a new creative director and getting away from the “urban” look, they can go back to being “luxury”.
Basically Hermes stayed true to itself as a luxury brand while the others tried to tap on the fast-fashion market with "luxury for poors" products
Pretty much. I was flying to Japan earlier this year a bunch of people in economy carried LVMH bags in my flights lol
I mean their model is forced richi people to spend 100k before they can buy what they wanted. Not really luxury..more like buying a status symbol. LVMH still make more money at the end of the day
I would rather say "luxury for the average people" products.
BALENCIAGA
@@eile4219Porsche
Because LVMH and Gucci are luxury fast fashion brands. And are accessible which dilutes the brand.
And Kering is evil af (Balenciaga, Gucci, YSL, etc.).
I wouldn't describe them as fast fashion since cheap and poor quality are major aspects of what defines "fast fashion". But I do agree that easier access is what dilutes the brand.
@Rebel-ct2pq Gucci is a poor quality brand,they literally make their clothes for less than 100 bucks and sell it for hundreds of dollars,same with LV clothes besides their luggage backs which was the thing they made from the start
@@christhewolf4246 Every single brand including hermes make their products at considerable low costs and sell significantly higher. I stand by my comment, in the context of "fast fashion", these brands are not that.
@@Tvso9813 YSL in 90s they were chasing after Emo customer. They did well but now they are paying the price
"Wealth Editor" as a job title is wild
I wonder if the salary matches that energy
@@theluschmasterinc I would honestly watch a segment just about his job.
@@marcuslee3051 so that you can find out how to get it? 👀
He covers luxury goods and their stocks, luxury property, artwork, private planes, tax changes impacting the wealthy, large political donations, wealth stats, and things like that.
I KNOW! I laughed when I saw that one.🤡
true luxury is NOT being a walking billboard for brands, with their brand name stamped all over your clothes.
Have you seen anything from Hermes it’s not subtle. The most subtle thing is a 32k coffee table
Who are you to define what luxury is. What is luxury for some days s common for others.
Luxury is family & friends, healthy life, good income & living in a stable country with economy thats working, I don't even know who these brands are & what they even achieved
You got to realize some markets (wholesales customer) specifically ask for the brands monogram or explicit branded products, which sells like hot cakes in their geographic regions. Besides, there are sales target to be achieve on each season, and those items you mentioned are must have for those markets. Luxury brands runs like any fashion business which has to maintain growing P&L internally, especially they are publicly listed company.
Following this logic, uniqlo is a luxury brand, and so is walmart $2.53 tank top.
Just wear whatever comfortable. People have too much money.
Luxury brands don’t compete with Zara. Once Gucci and LVMH did that it was over.
Zara is my luxury brand. I usually buy Walmart.
I really love your taste and style always so chic. My faves would be the *jklux* leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations
Amei todas as bolsas lindas e de muito bom gosto.Parabens *hotdups*
Perception is everything, I remember saving up for my first LV and some coworkers automatically thought it was fake because I was a young black girl.
My best friend bought a fake Louis Vuitton bag in China *hotdups* and when she got back to France she walked into the Louis Vuitton store and they invited her back into a small room and offered her champagne because her bag was so "expensive"! Really?
The *hotdups* looks like a great option to achieve this look for less money.
And they don't use "Celebrities" to market/endorse their products....if you have any of their products...you paid for that product.
They use Hamas and Zelensky wife to Endorse 😂
@@TruthTeller8888 when?
The first Birkin bag was made for Jane Birkin, a famous celebrity.
@@MuiKaHo Recently actually. There are videos up
Love the way you present it *jklux* ! You really put a lot of effort into presenting the bag. I learned a lot from watching your videos, it's great!
This is essentially a social sickness. $250,000 for a bag and people working full time sleeping in their cars.
LV ' im gonna sell $60 bags for $3000' .........Hermes 'hold my beer'
I'm interested to see what comes out of the Antitrust lawsuit. Because every luxury brand requires a buyer to have a substantial purchase history in order to get an allocation for an exclusive model. I think Ferrari was the first manufacturer to do this. Now Porsche, McLaren, Bugatti, and even Rolex practice the same buisness model with their limited edition cars. You have to be invited to buy one and are restricted to selling it for a moment in time after taking delivery, or else you loose your relationship with the brand.
Me too because this decision could spill over to the other markets you listed.
Same. I think that Hermes can still keep certain *Birkin* bags that are made w/ finer materials & jewels exclusive. Then, have a tier system depending on the MSRP of the bag & potential resale value. One tier could be the cheaper bags they could sell to all, but the second & third could be more & most exclusive respectively. Idk just a thought 🤷🏼♂️
Unlike LV, Dior, Chanel, Gucci, etc. at least Hermes has maintained its high quality. The rest of the brands seem to be in slide to the bottom chasing ever higher profits.
I respect Hermes scam, I mean business model of zero innovation and exclusivity 👍😂
Why innovate when you are at the top of the market with what you already have? I love my Hermes products. They can continue doing exactly what they are doing for 100s of years and still have buyers.
@@uberenthusiasts so long they keep pushing the exclusivity, they will remain at the top and no need to innovate 👍
@@keiseriousI agree with you totally, it is a scam. The bags are very ugly too.
what a delusional take, the moment Hermes or Porsche change their iconic designs, nobody wants it anymore
Always amazed by *preluxz* and its clean sculptural lines, yet rugged and durable! I know it's luxury, but it's one of the last luxury brands to stand the test of time! I'll never get tired of the Trunk model.
Imagine spending $400,000 on a bag. That's worth more than many people's houses. 😂
“Worth” is subjective
That's the idea mister
If u can get offered. Haha. That's Hermès.
What a L mentality
Imagine being able to afford $400,000 bag. 😂
It would be a shame if somebody boosted that store.
0:59 Narration says $22,000 per share, but the graphic shows $2,250.72 per share
Yeah, the graphic is right.
Google shows $229 dollars. Did the stock split?
@@keithb372 you're confusing Hermes ADR (American depository receipt) price of $230 with the real French stock Hermes International SCA (symbol RMS), price €2,100. The U S. ADR price appears to be for 1/10 of a French share.
It seems there was talk of a stock split but it hasn't happened.
@@skierpage Gotcha. Thanks.
Just noticed that as well.
The downside to the "exclusivity" of Hermes is the resale market making a lot more from the original price of the bag vs whats its actually worth.
I wouldn’t say more expensive. Because Hermes policy is that you have to spend a certain amount (5-6 figures) in other products you really don’t want first in order to earn the privilege to purchase the 5 figure bag you really want. The resale market solves a problem for the consumer by letting them skip that unnecessary process. The premium is added to the bag itself so once you spend $50,000 in junk to purchase a $25,000 purse at Hermes. The resale market for the bag maybe $35,000-$45,000 and you get the bag at the time of purchase.
And they say the economy is “Bad” people out here buying . $100,000 leather purses. Crazy to think that an inflated product for the rich could say so much about the state of wealth inequality. At its core
Because high fashion brands allow it cause in reality the quality of the products are not worth the price and they're made in south eastern Asia.High fashion has mastered one thing,selling bad quality for big money
to think a PURSE is the same price of what a house could cost 15 yrs ago in a little town...
People who spend $100k on a hang bag are already set and unaffected by the current state of the economy.
lol the ones who say that are the ones who buy $50 stainless steel cups, of course the economy is good, you see all these women wearing brands they can’t afford.
Not like is some recent change. These luxury brands have been doing this for a long time (see: video)
False sense of scarcity. /end video
Its a business afterall
it takes time and experience for handcrafted luxury items with 100% quality. They have opened some new ateliers and hired people, but it's not mass production
Like diamonds
gamification but peaple are spending 100 thousand dollar's instead of 100 hours to get a prop
Nobody gets over on rich people more than luxury brands.
you mean no one gets over on POOR people like luxury brands. Since poor, broke people are the biggest consumers of LVMH.
@@angieharris8015 Aww are you no longer special with your LVMH bags now that the poor, broke people are also buying those?
@@shawn_magnum-k3q im not. Therefore, I've moved on to other brands that broke nignogs don't know about. Lol
@@angieharris8015 hmm no influencer are buying those and they have money
It sounds ridiculous to me that people are suing Hermes for not selling them a birkin. It's their business they sell how they like and have no obligation to sell anything to anyone.
Whats great about Hermes is that EVERYONE gets the same bag limit. It doesn’t matter if you’re rich or famous
So staying small can also be a wining strategy for longevity
depends what industry and what you have to offer, a great example is in-n-out.
They're not "small" by any mean.
LVMH and Gucci have better style and Hermes has better quality. Personally I think Hermes bag styles are very basic definitely not worth 100k. Whenever I have seen a Hermes bag it didn’t even look designer to me. I had to look twice to notice it was something “special”.
They are very good at playing the exclusivity game. Women who don’t have confidence in their own taste and in who they are as a person would need luxury brands as validation of their taste and as status symbol.
True. Insecurity and social climbing drive these brands profits.
*jklux* just wanna tell you that you make my day with your videos. you have srsly helped me through not so happy times!!! thank you.
These veiled “ray-cist” comments trying to blame “rappers” for the downfall of these high end brands is WILD. Rappers have been talking about luxury brands since the inception of the music genre… yall so crass.
Bottom line: these luxury brands was a victim of their own downfall- not only have they raised their prices to extortionate levels , but their quality does NOT reflect the prices they are upcharging consumers for. They have taken the fast-fashion approach with their greed and are simply over exposed. Social media is a significant contributor to their level of exposure, NOT rappers 😒… you have a new generation of people ready and willing to share their luxury experiences and what’s the “hottest” items to get. Minimal advertisement is needed from these brands because people willingly show it off for free. We as consumers, are the ones dictating what are seen as “status symbols” if we are really being honest.
Hermes might be thriving right now, but they too won’t be immune to their over exposure. Their current business model will only last for so long, given that they are going through a lawsuit and people are aware of the “Hermes game”… the only thing that’s keeping Hermes afloat is that they still keep their quality to a much higher standard. You can at least say you have a handmade piece with premium materials- something many of their competitors barely offers these days. But we will see how sustainable their growth is in the future. People’s tastes and preferences change over time and we have a lot of economic uncertainty- priorities will look different.
Facts
There are a lot of super wealthy people out there. Hermes will be fine with their business model. Meanwhile, Gucci and the likes, they better figure things out fast. Because no on is taking them seriously anymore.
@@cpcxgsr I would also say it’s not just about affordability.. it’s also about exposure/exclusivity. With Hermes’ growing popularity and awareness- that can potentially be a turnoff to some consumer seeking to “standout” and show off their wealth from the rest. Part of The allure of Hermes was the fact it was once seen as a super exclusive “iykyk” brand. It was a brand of stealth wealth…. If it becomes over exposed, some of that appeal may be affected.
Again, they need to maintain their quality and exclusivity and not get too greedy like Kering Group/LVMH/Wertheimer with excessive price increases and poor quality control/customer service to last longer than the rest.
you’re literally my comfort person i love you *xbagy* ’s bags!
I got a mini cologne sample of Terre d'Hermes by Hermes and didn't know the brand was so "luxurious."
At first I wasn't too impressed by the cologne (though I did think it smelled unique),
but now that I know Hermes is so expensive, I'll see if my perception of the cologne changes..
Your enthusiasm for each bag shines through, cicishops! It makes your reviews a joy to watch.
Hermès played the long game, sticking to its roots while everyone else tried to cash in on the fast-fashion crowd-and now it's paying off big time. While rivals fumbled with “luxury for the masses,” Hermès stayed rare, making scarcity its superpower. In a world full of flashy logos, they’ve mastered the art of subtle flexing, where the real status is owning a $400,000 bag that whispers, not shouts.
Hermes is playing games to stay “rare” though. Whenever I went into the boutiques in every city that I went to this year, Honolulu, Paris, NYC, LA, Chicago, Las Vegas, they always said my item is out of stock or this is the last one to pressure me to buy but their website always has the item available when I check. The last time they “offered” me a bag, I didn’t like the colour and said I prefer black and they quickly exchanged it for a black one lol.
It cost 200 buck to make a nice leather purse, then the stupid rich women are tricked into paying tens of thousands for nothing
I will counter that with saying that most luxury goods last longer and have value as collectibles in the future if taken care of. It can be seen as an asset in High Fashion.
They are not tricked, most of them can afford it. The stupid thing is that the rich have so much money to throw around and waste.
More like their sugar daddies pay for it.
@@mpaso111 there's no guarantee that today's high fashion will still be valuable in a few years.
@@vh7138 The Historic Value in itself will give it Value whatever time it is. Whether it's an Individual or an organisation that wants to Purchase it.
Hermès business is like extortion from the rich people.
i loved the way she pronounced the french words
Me too.
My wife uses the same $100 Coach wallet and $189 Handbag for over a decade, and she's happy. Love that she's frugal. We like to use our hard earned $$$ to expand our rental property portfolios and not in cars, clothes and other useless things.
👏
Heres a medal 🥇
There is a leather craftsman that inspects leather goods and reveals the profit margins with the material costs and labor. I believe the coach products are the best fair price for the quality and labor from his videos.
No wonder people can't get on the property ladder when there's some playing real life Monopoly
you’re literally my comfort person i love you *xbagy* ！
*yutulu* just wanna tell you that you make my day with your videos. you have srsly helped me through not so happy times!!! thank you.
HEY *yutulu* !! I have been watching you for years and im so proud of where you have made it! I love you so much! Also thanks for making my day
you’re literally my comfort person i love you MOMCOCO ’s bags!
190 years old in 3 years and has the same founding family involved is crazy to think about and says it all! Hardly no other big company in any industry can say that.
Ehhh, plenty of those kinds of companies in Europe.. just not all multi billion euro ones. But usually 'just' bakeries or 'just' hotels or 'just' some other random category of small business.
@@MrAronymous 'Big' companies however usually sell and go through many hands before 100 let alone 190
The *yutulu* canvas tote bag actually reminds me of Hermes Garden Party, too. Thanks for making this video on suggesting more budget friendly alternatives. Love it!
Thank you dear for taking us along. Can't wait what the *yutulu* queen picked up at Fendi
Imagine needing to spend $400k on a bag to fulfil yourself?
You can get a black or camel birkin for $10,000.00
It’s for people who have more than they could spend in a lifetime.
@@supreme5998 imagine donating that money to build Schools in Africa. Then taking an actual flight and seeing the kids faces and lives that you changed Vs buying a bag?
@@INFINITY-oe4iswhat about building schools in North America? Why do you always refer to Africa in the context of poverty? There are already schools in Africa, like the one Elon Musk attended.
@@Atlas-tp8dw Elon's father part owned and emerald mine, so his former school is likely not in need of assistance lol
Actually buying a few things prior to owning a Birkin sounds like a good business plan to me, also teaches customer to be loyal to a brand, whoever came up with it was smart. And definitely the exclusivity that comes with owning a Birkin is unmatched.
We are in the 1%, but my wife has no interest in Hermes (or any of the other "luxury" brands). She doesn't have a pathological need to be noticed. Her bag cost $60 at Target. It seems to do the job just fine.
LVMH's quality is absolute garbage, even brands renowned for their craftsmanship, once LVMH gets their hands on it you know next season its tanking and they are putting logos all over it. Hermes offers better quality goods. Their stuff is usually pretty boring but then it holds up way past trends. I appreciate that.
Watch Wall Street Millennial's "Why I Hate Bernard Arnault" video. LVMH makes most of the parts in low-wage countries including Romania and India, then they glue on a tassel or the sole in France or Italy so they can print MADE IN FRANCE on the finished product. Also slimy tactics to acquire brands. You don't get to be one of the richest men in the world by being a decent person.
I hope LVMH's contract manufacturers make counterfeit goods of equal quality after hours. I would have no compunction about buying an LVMH knockoff.
Yes, if you see their 9000 euros birkin leather, is just normal couple hundred quality leather. and those 100k version leather, really not that rare leather, maybe a few ks. just some gimmicks and as long as rich but not so smart people continue to clamour for them, and an inflated(? I use inflated here as it has some value but not worth that much) sense of value, creating a resell market, the cycle can still continue to feed.
@@skierpageThere actually is a secondary luxury market for what you mentioned in China. I forgot what they call it. But the same exact bags are made on the side and sold on a “secondary” or underground luxury market.
@@jbell6852 I want to buy no-name quality goods from the same companies that contract manufacture most of the parts for LVMH's overpriced brands. Of course, if this took off _every_ cheapo counterfeit maker would claim that it's the one making goods for the expensive brands.
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
Fascinating stuff.
I'm such a pleb that when they showed the top five brands, I only ever heard of one of them; Prada. And I only know that one due to the movie 'The Devil Wears Prada'.
Fun fact: LVMH is the source of exotic skins for Hermes… and LVMH keeps the best skins for their bespoke capucine and city steamer handbag lines and gives the inferior skins to Hermes for the Kelly and Birkin. Hence, you are paying nearly 10-20x the price for an inferior product that says “Birkin” on it compared to the bespoke order you can get from LVMH that is much higher quality. And less hoops to go through. One instance where quality is not correlated to price. Once more individuals realize this the margins on LV bespoke handbags will soar. The wealthy are realizing this and beginning to load up on bespoke city steamers and capucines now. But they do take about 12-18mths to be made. But well worth it from a value maintenance perspective if you are using the bags to diversify your hard assets.
Recently, I've been told by someone in a Louis Vuitton boutique that Hermes now sources their own exotic skins.
@@dcngnot gator and crocs. Those still LVMH. Ostrich yes though.
nice info
His *yutulu* tote is beautifully colored, very sturdy and the perfect size. Not too small, not too big. I look forward to joining my rotation.
Meanwhile I’m walking around goodwill looking for a Walmart tshirt.
youre going to have to buy $50 worth of junk before they let you buy that shirt
That will be 3 times the new price. Sorry about the poop stains. Enjoy!
You can find some good stuff at Goodwill! I shop there without any shame! In fact on occasion I almost brag about it LOL
Lmaoooooo yucky
While watching the video I stopped by *preluxz* to check it out... I now have one in my cart that is both practical and pretty. I really like it!
'Dubious business model' is one of the keys to their SUCCESS!"
"We AGREE 100% with his observation!" -Luxury Brands
Hermes is the best brand in the fashion industry.
That is lie 😂😂😂
I think if one is not a celebrity with many watched eyes or bodyguards, then is better to skip the Hermes as it will be easier to take the Hermes from you and sell to others for money.
I’d rather donate money to feed the poor, fight climate change & provide basic vaccines to kids in third world nations. No expensive handbags for me!
It's timeless. No "Buts" needed, Mr. Journalist.
I still don’t understand what they are actually getting for the money. Like what does a hand bag do for $100k?
For someone to see you with an expensive bag, what does that do for you?
*yutulu* The canvas tote actually reminds me of the Hermes Garden Party too. Thanks for making this video to suggest more budget friendly alternatives. love it! 😊
I still love my LV reverse monogram *yutulu* clutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
Great video. I'm a new fan of your channel and I love your vibe. Also, I can't see that these two Balenciaga pieces are close enough to the *xbagy* and cute enough so it's good enough for me.
you’re literally my comfort person i love you *xbagy* bag !
The rich don't wanna wear something the poor can wear.
Thank you dear for taking us along. Can't wait what the *jklux* queen picked up at Fend.
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
The kingdom of Hermès is within you.
I wore a fake *hotdups* Chanel bag in Paris two weeks ago and people thought it was the real thing. A lady complimented me when I was at the Louvre. What an unforgettable experience.
Came across this video and I watched *yutulu* OMG your wardrobe is every woman’s dream! Love your voice and the way you speak
The products are made by skilled artisans. They are timeless objects that can be passed down through generations. You can always send in your item to be repaired or refurbished.
"it's devious to ask consumers to spend 10-50x times the product price before getting a chance to buy that product"
If you're complaining, just don't buy..? There's so many alternatives
My *hotdups* tote has been in use for years and it still looks as good as when I first bought it. The quality is simply unmatched. In the near future, I plan to buy another color and style to match my clothes and shoes.
Love *amzrepe* the way you show it! You really focus on showing off the bag. I don't think any other UA-camr can show off bags in as much detail as you.
I see nothing wrong with this business model nor their steadfast dedication to their aesthetic. What’s the point of luxury goods if you’re just going to pump it out by the pound …
The variety of textures inside the *jklux* pack is impressive. From smooth leather to textured suede, there’s something for you
I bought a replica of a Chanel brooch for $20 to compare materials etc. The real brooch cost $800 and was made of the exact same materials - brass, synthetic pearls, glass. 🤦🏻♀ The other one is a $40 one *yutulu* Backpack Replica - also works for Compare - I can't find any difference and still use it for the gym 😅
Ben and David from Acquired did an amazing breakdown of Hermes.
The reason is that people think it is a good investment and all other luxury items are not.
Because it’s named after their favorite God .
Luxury brands are there to part fools from their money.
I love them. May they reign forever ‼️‼️
he variety of textures in the *xbagy* pack is impressive. From smooth leather to textured suede, there's something for everyone.
If you're worried about the price you're not getting it: as a concept, and at the store.
What is there to get? Even if it's ultra high quality you're paying them a couple hundred times more money than what it costs them to make.
@@anthonymeade7345Exactly!
@@anthonymeade7345 That can apply to iPhones, cars, walmart clothes. Anything has to be marked up so companies can survive, slowpoke.
For a long time, as the price of Chanel increased, I no longer thought I could afford it. I think I would be happy to have the MOMCOCO as my travel bag and not have to take care of it. By the way, I'm sure no one will have a hard time telling the difference. Thanks for the comparison.
People are free to spend their money on what they want. Good for them.
Downvoted
I don’t even buy luxury brands, but Hermes one of the few that stays true to being luxury. The rest are just using their brand names.
"the elite"
They think so 😂
They tend to call themselves
When people are saying *xbagy* ’s bag is a better option,I very much agree!
If the buyer earned the money let them spend it the way they want it. 👜
I used to buy *hotdups* bags for cheap luxury materials like coated canvas and nylon styles. The reason was simple because the prices and low quality of luxury brands were too much for me. On one hand, I didn’t have to feel guilty about buying really expensive fashion junk…
The rich don’t want to have what the poor can wear. They want exclusivity. That’s why LV and Chanel keeps raising their prices.
Really, tell me more about what the rich think. Clearly you're one of them, that's why you're commenting on UA-cam 😂
Price is what you pay and value is what you get❤
Anything the peasants can't get their hands on, is worth it to the 1%
artificial scarcity
Thanks for outing how vapid you are.
I really love your taste and style always so chic. My faves would be the MOMCOCO leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations.
Me remembering nearly all the bags from the jag collection in *xbagy* other apartment on the dimond tray.. I think i watched that video like 40 times. Purse collection goals..
Hermes is the definition of Veblen’s effect
Hermes is the only luxury brands of all that were discussed in this video. That answers the question.
consumerism at its finest.
Becuase black people (rappers) are diluting the brand and the elites don’t want to be associated with those “types of people” there. Saved you 9 minutes
When in doubt blame the blacks. Classic
@@BEG943 I’m only stating facts. As soon as us minorities wanna hop on something and make it cool, the elites wanna move on to something else.
@@BEG943😂
Not rappers but pop culture ... they white girls wearing Gucci don't help either ... rappers will always afford EVERYTHING
Surely rappers r so rich they can buy hemes too.😂
I went to Gucci the other day and they wanted $2,000 for a vinyl clutch. Im not opposed to the high cost but it has to be worth it. Gucci has been garbage for a while. Hopefully now that they have a new creative director and getting away from the “urban” look, they can go back to being “luxury”.
Vuitton & Gucci has too much fake copycats, so Hermes rules❗👜👍
Oh yes, like Hermes doesn't have counterfeits.
Chanel also doing great
although different league
Chanel’s quality has been crap for years.
MOMCOCO ’s bags are your partner in young people’s fashion journey
Forcing customers to spend money before they can buy a bag HAS to be illegal
😅 ...i can't buy either of these brands, don't really have a desire to neither
Agreed. I actually do have money to buy these brands but I prefer to shop at Old Navy.
*VEBLEN GOODS!!!* 🎒
*D R I P!!!* 🎒