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Stock impact report

How the Birkin bag, the ultimate fashion trophy, became criminal currency [Los Angeles Times (CA)]

Poshmark, Inc. - Class A (POSH) 
So it was there last year when two burglars jumped a retaining wall at her Pacific Palisades mansion and smashed through a sliding door on the pool deck. They were in and out in 15 minutes, a security camera showed, moving with speed and strategy. They raced past computers and televisions to get to her walk-in closet. On a shelf alongside dozens of other luxury handbags she had been collecting since her teens sat the Birkin. “I had only worn it once, on my birthday,” said the woman, who spoke on the condition of anonymity for fear of inviting another burglary. The thieves took the Birkin, most of the other bags, and, revealingly, receipts from a drawer in her home office that established the authenticity of many of the purses. “They were,” she said of the thieves, “like trained assassins.” She thought the Birkin was gone forever. But months later, she was shocked to find it for sale on a sleek website catering to other women who prize such handbags. The Birkin, Hermès' capacio Show less Read more
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