Luxury handbags news and archive

Christopher Palu launches debut handbag under rebranded label PALU

New York-based fashion designer Christopher Palu has launched his debut handbag under his rebranded label PALU. Marking the Project Runway alums' first foray in the accessories category, the PALU Icon design sees the designer apply his sharp tailoring skills to handbags. Handmade in New York City from premium leather sourced from an LWG Gold...

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Fashion

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...

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Business

Luxury handbag market projected to reach 94 billion dollars by 2028

The global luxury handbag market is expected to reach a valuation of 94 billion dollars by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.3 percent from 2021 to 2028. Increased brand recognition and rising spending on handbags in emerging economies are driving the market. An increase in disposable...

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Business|ANALISYS

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...

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Business

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...