Accessories are prized possessions these days. Versace was not doing so well after the demise of its founder Gianni, but came back on the scene due to the success of its bags. Louis Vuitton is a part of the massive LVMH conglomerate, but its bags account for a large chunk of its sales. Gucci’s Bottega Veneta generate huge profits. Bags are produced in one size which fits all. That may be the reason that makes them attractive for fashion houses. They are profitable products — they sell 12 to 14 times their manufacturing costs. Bags can be used by people of all nationalities.They can be sold anywhere. Many luxury bags are hand-crafted by skillful artisans. These days they use computer design and mass produce them. Some still follow the hand-craft tradition, e.g. Hermes family.Luxury bags have long waiting lists. Fashion editors recommend a few contemporary bags every season. It is thrilling to carry an instantly recognizable designer product. It is difficult to understand what the rich women try to prove by splashing these bags. According to Vir Sanghvi, maybe designer garments do not suit all type of women. But bags can be used by any woman, whether in shape or out of shape. Besides, bags are good items of gifting. The big labels may make clothes but the profits come from bags.
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