default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

BoF LIVE: The New Era of Designer Bags

BoF Insights unpacks its latest report on fashion’s hero category, The New Era of Designer Bags: Redefining Leather Goods, with a panel of experts
The New Era of Designer Bags
The New Era of Designer Bags

Designer bags and small leather goods are crucial to fashion brands. They can serve as a label’s most recognisable emblem, indicate a wearer’s desired social standing and values and drive revenue for fashion businesses. And they’re set to become even more important: global consumer spending in the category is set to grow to an estimated $100 billion by 2027, up from $72 billion in 2022, according to market research firm Euromonitor. Luxury bags are also seeing a shakeup from the emergence of more contemporary alternatives, streetwear-inspired looks and innovations in sustainable materials.

“No longer are luxury bags inaccessible. We used to talk a lot about high net worth individuals, and how we targeted them five to ten years ago,” said Ian Earnshaw, chief commercial officer of Mulberry. “Today, the actual customer base is a lot broader.”

On the latest BoF Live, BoF Insights’ Benjamin Schneider and Diana Lee unpack their report on the category, The New Era of Designer Bags: Redefining Leather Goods, alongside Earnshaw and Richard Johnson, chief commercial officer of Mytheresa.

The New Era of Designer Handbags
In This Article
Topics
Series

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Enjoy 25% BoF Professional membership until December 20
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Enjoy 25% BoF Professional membership until December 20