Luxury handbags news and archive

Why is the luxury handbag market increasing?

What’s in a bag? Plenty if you ask Chanel, Dior, Louis Vuitton, and Coach. Inflation might be on the rise, housing costs are increasing, and contrary to what some might believe, the global COVID-19 pandemic isn’t over. Despite this, projections for the global luxury handbag market exceed a valuation of 35.4 billion dollars by 2031. Luxury...

Fashion

eBay announces authentication for luxury handbags

Online marketplace eBay has launched authentication for luxury handbags. New and pre-owned handbags sold for more than 500 dollars from 16 luxury retailers will now be professionally authenticated. eBay started its authentication program in late 2020 which initially included luxury watches, followed by sneakers. Charis Márquez, VP of fashion at...

Business|ANALISYS Featured

Second hand luxury handbags, a good investment yielding up to 30 percent per year

The market for used luxury handbags has grown from 5 million pounds seven years ago to more than 26 million pounds last year and is expected to keep on growing. In fact, according to a recent report by Jefferies, some handbags outperform even the most successful hedge fund. Actually, highlights Jefferies, some owners could be sitting on annual...

BusinessFeatured

Infographic - Step inside the luxury handbag

The global fashion market is currently worth a staggering amount: approximately 3 trillion US dollars - that's 3,000 billion US dollars. The eighth installment of FashionUnited’s fashion industry statistics infographic series takes a closer look at the coveted market of luxury handbags. At some point in the 90s, ‘It’ bags became one of the...