Mary-Kate and Ashley Olsen feted the launch of their new handbag collection for The Row with a cocktail party at Paris multi-brand store Montaigne Market. Ashley Olsen said the label was rushing to keep up with demand for its much-publicized alligator backpack, which comes with an eye-watering $39,000 price tag. “It was the first thing that sold off the shelf,” she said, noting that extreme luxury tends to perform well during uncertain economic times. “During our last economic crisis in the U.S., the only thing that went up was Hermès,”
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