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Louis Vuitton reentered the novelty bag space with the release of its Lifebuoy bag.
Using his insider knowledge, he estimates the raw costs of leather, hardware, and labor, then compares it to the retail price, often revealing profit multipliers of five to 10 times for luxury brands.
Parade aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Kate Spade Has an 'Eye Catching' $359 Woven Leather Shoulder Bag ...
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