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Hermès & Pierre Hardy: Are shoes the new it-bags?

Shoes are the new it-bags. The news that Hermès this week confirmed it will take a stake in luxury cobbler Pierre Hardy underlines the consumer shift in buying habits. Shoppers are turning to footwear, not bags, and the luxury groups are responding quickly. Hermès has been a quiet power in the footwear market, and is also the owner of British...

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