Hermes $10,000 Birkin Purse Seen Leading to Record Sales

Hermes $10,000 Birkin Purse Seen Leading to Record Sales

Tomohiro Ohsumi/Bloomberg

A pedestrian walks past an Hermes store, operated by Hermes International SCA, in Beijing. The so-called absolute luxury segment in which Hermes competes is the fastest-growing part of the market and will outperform the rest until at least 2014.