Luxury firm Hermès overwhelmed by demand for pricey handbags

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While stock markets soar, making the world’s wealthy even richer, French luxury brand Hermès says it is to open three new factories to meet demand for its pricey handbags, like the so-called 'Birkin bag', and has opened a leather-working school to train more craftspeople to make them.  

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Hermès, the French luxury goods maker, is opening three new factories as it struggles to keep up with demand for its Birkin and Kelly handbags that sell in excess of 6,000 euros, reports The Guardian.