Both LVMH and in some measure Kering somehow managed to keep luxury margins while having their entry-level bags bought by a ton of women especially in China whi

Both LVMH and in some measure Kering somehow managed to keep luxury margins while having their entry-level bags bought by a ton of women especially in China which is an humongous market for them. As far as I know, Hermes never played fast and loose with quality like the other two but remains considerably more expensive. Note that I mean that in the context of luxury products - quality remains high and I'm not sure I agree that Michael Kors is currently higher quality than Vuitton.