Hermes is renowned in the industry for its careful management of production and stocks, which have helped maintain its aura of exclusivity. Photo: Instagram/Hermes
Birkin bag maker Hermes is not interested in getting involved in the fast-growing second-hand luxury market which has attracted some its rivals, its chief Axel Dumas said last week (July 29).
Unlike Kering, which has invested in reseller Vestiaire Collective and sells some of its labels on platforms for pre-owned wares, Hermes sees the second-hand market as a threat, saying it drives up prices and can fuel counterfeiting.
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