5min chapter

Planet Money Summer School cover image

MBA 4: Marketing and the Ultimate Hose Nozzle

Planet Money Summer School

CHAPTER

Hermes's Strategy Seems to Be to Reject and Humiliate

The Birkin bag has been on the top of the handbag food chain for years because it's so hard to get. Even Wednesday, from the right neighborhood with the right connections doing everything right, even she couldn't get a bag. The reason for the extreme scarcity of the Birkin bag is nothing to do with how it's made. It's part of the marketing. Josh Welton says that if Hermes wanted to make more bags, they totally could.

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