WWD just announced that Temperley has designed a little apple purse made of napa leather and metallic python, of which only 25 were produced. They're hoping it creates a bit of buzz for holiday. But earlier this year, Hermes came out with their own apple purse, this time a candy apple green color on lambskin replete with a little knife, for kicks. Coincidence? Or does Temperley think their customers don't shop at Hermes, therefore will never know their $1,000 purse is actually somebody else's cute idea? You decide. Editor's Note: Brett just pointed out that Missoni also did an apple purse for Spring 05 as part of a fruit scheme.
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Breaking Biz News: LVMH Takes Another Bite Out of Hermes, VF Buys Rock & Republic
Big brands love using the holiday season as a time to make major acquisitions. Usually, they wait until a day or two after Christmas, when everyone's still climbing out of that Honey-Baked Ham hole. However, this year, the big guns are coming out long before A Christmas Story will even appear on TNT. To start the morning off right, VF announced their plans to acquire bankrupt denim label Rock & Republic for $57 million.
Hermes Employees Helped an International Crime Ring Make $18 Million in Knockoff Birkins
Hermes is not messing around when it comes to counterfeits. Last month, the legendary luxury label shut down 34 counterfeit sites--and won $100 million in damages--and now they've helped the French police bust an international crime ring that produced and sold knockoffs of their bags, WWD is reporting. Apparently, the illegal operation was making millions in Hermes counterfeits--one Paris public prosecutor put profits at 18 million euros (or $22 million) for just one branch of the ring--and they were doing it all with the help of actual Hermes employees.