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Business Wars Daily

In the World of Luxury Handbags, Connections Matter

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 18 April 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Thursday, April 18, and we're looking at Hermès vs. Louis Vuitton.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

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from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

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0:49.2

One, three. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday, April 18th.

1:06.4

Today, luxury, lavishness, and a lawsuit.

1:10.8

The luxury retailer Hermes has been slapped with a class action lawsuit that could change the way customers get their hands on high-end items, especially purses.

1:20.8

To understand this lawsuit, you first have to understand the history of Hermes and its iconic Birkenbag.

1:26.6

As Ari Murray, the chief growth officer at the ad agency

1:29.5

Sharma brands, explained on Twitter, while Hermes has been around for 187 years, the company

1:34.9

didn't create their most coveted product until the 1980s. That product, a leather weekender bag,

1:41.1

they called the Birken, exploded in popularity, especially in the sex in the

1:46.0

city era of the early 2000s.

1:48.6

It's 4,000.

1:50.0

I know.

...

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