Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide

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bernard arnault
LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.

Reuters

The Hermès heir who planned to leave billions to his gardener now says his fortune is gone

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People walking past an Hermès storefront.
An Hermès storefront in Hong Kong.

SOPA Images/Getty Images

Two luxury companies are selling big to Japanese buyers, not just to tourists taking advantage of the cheaper yen

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Japan Prada
Prada Group saw a jump in Japan's sales from local customers, amid a spike in Chinese tourist luxury sales.

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Some of Hermès' rarest Birkins are up for auction — with many expected to go for more than $100,000

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Hermes Sac Faubourg Birkin
Three Hermès Faubourg Birkins are on the block at Christie's handbag auction. Each is expected to go for more than $100,000.

Courtesy of Christie's

Secondhand Birkins are grabbing Gen Z's attention

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A Hermes Birkin and a Hermes Kelly at a pre- auction photo calls for Hermes handbags at Bonhams, Knightsbridge.
A Hermes Birkin (right) and a Hermès Kelly (left) in a pre-auction photo.

rune hellestad/Corbis via Getty Images

Inside the minds of 4 Hermès bag collectors

Tech Insider : Style
A woman's arm filled with Birkin bags

Chicjoy, Iuliia Bondar/Getty, Tyler Le/BI

  • Hermès is having a moment — especially its Birkin and Kelly handbags.
  • Speaking with Business Insider, collectors and experts explained why they love them.
  • Each said they appreciated the bags' high-quality craftsmanship and practicality.

Hermès is having a moment.

Five things that are hard to get even if you're pretty rich

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Cartier Cheich watch on a man's wrist
The Cartier Cheich is one of the most elusive timepieces in the world.

Arnold Jerocki/Getty Images

2 Californians are suing Hermès, saying they couldn't buy Birkin bags even after one of them spent tens of thousands of dollars on the brand

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Birkin bags at Paris Fashion Week in March 2024
Birkin bags and Hermès accessories at Paris Fashion Week in March 2024

Jeremy Moeller/Getty Images

I buy and resell Hermès bags. These 13 indicators will tell you if you've got a fake.

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Magnifying glass hovering over a Hermès Birkin 25 Vert Emerald Lisse Crocodile Porosus GHW
Birkin bags can sell for hundreds of thousands of dollars.

Hermès; Alyssa Powell/BI

Luxury retailer Hermès is killing it these days

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Hermes Birkin bag on a pedestal

1st Dibs, VPanteon/Getty, Tyler Le/BI

Despite a slowdown in luxury spending, Hermès' stock has grown 27% over the past year. And while other brands have leaned into social media marketing and celebrity partnerships, Hermès has not.

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