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Politics : Politics for Pros- moderated

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From: LindyBill	6/12/2009 11:13:09 PM
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Keeping the Japanese happy. We even have a store here specializing in "pre-owned" designer bags. Vertical integration, luxury handbag crocodile version By Tyler Cowen on Economics What would Oliver Williamson say?: The economy may be hurting world wide, but those that love Hermes are still buying. In fact, Hermes has resorted to breeding its own crocodiles on farms in Australia to meet the demand for its exotic bags. It is reported that Hermes makes around 3,000 crocodile bags every year and demand continues to grow while the crocodiles are not readily available to fill orders. It can take three to four crocodiles to make one Hermes bag, so the move to use their own farms makes sense. purseblog.com

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