Hermes is reported to have a price increase this coming January. An increase between 6-15% on Hermes products is to be expected and will take effect on January 13, 2014 in the US. Prices on the leather items will have the most increase.
Prices of silks and calf leather which is the main component of an Hermes handbag is one of the basis of the said increase. According to the brand’s Chief Executive elect Axel Dumas, “You can indeed expect price rises, which as always we want to be moderate.” The last increase was also seen early last year (2013). Demand for Hermes products is still growing and has not slow down despite the yearly increase on its luxury items.