Spotted on the runways of Hermès and Louis Vuitton S/S 2012: crocodile. Hermès frequently uses crocodile for its Birkin and Kelly bags, and started breeding its own crocodiles on farms in Australia in 2009 to keep up with the constant demand for bags. According to Hermès' CEO Patrick Thomas the demand is approximately 3,000 per year and it can take three to four crocodiles to make one handbag.
As of today, LVMH is following suit. LVMH has set its sights on a controlling stake in Heng Long International Ltd., a Singapore-listed crocodile-skin-goods business. The French holding company's initial offer: S$160.8 million ($123.8 million). This is LVMH's latest move to invest directly in a subcontractor to control supplies amid rising leather goods prices.
I wonder if the Olsen twins will want an in on this, considering their Crocodile Backpack, which is retailing from $35,000, has sold out. According to Ashley, the backpack was the first bag in The Row's new handbag collection to fly off the shelves and they are really struggling to keep up with the demand. If you're interested the gray calfskin leather version is available on Barneys website, but that's about it!