Designer handbags: a weighty issue



I caught the end of one of my favourite episodes of Sex and the City the other night. It was the one where Samantha attempts to use Lucy Liu's name to help her move up the legendary Hermès Birkin waiting list. "Why put yourself through that humiliation for a bag?" asks the sensible Miranda as Samantha regales being frogmarched from Hermès. "It's not a bag. It's a ******* Birkin!" shrieks Carrie, slamming a fist on the table.

I hear you, Carrie. Loud and clear. If ever there was a handbag nearing perfection in terms of function, glamour and size, this is it. The only thing I could possibly complain about - if ever I were to lay my hands on this iconic accessory - is the weight. Even without anything inside, a Birkin is heavy. But isn't being heavy a crucial part of handbag snobbery? I've seen a certain expression creep onto the faces of Victoria Beckham and Katie Holmes whenever they are hoicking around their special-edition, supersized Birkins, which allegedly cost $30,000 (Dh110,000) a pop. It reveals a mixture of effort and smug satisfaction. I'm sure just knowing every gram of handcrafted leather costs a small fortune makes the suffering worth it. And who knows? If it were me, maybe I'd be the same.

A handbag buyer from a leading department store once told me the Birkin belongs to a very exclusive club of handbags that perennially outperform whatever is hyped up to be the latest It-bag. It's joined by the Marc Jacobs' Stam, which is inspired by a doctor's bag; Alexander McQueen's Novak, a hand-held, crocodile granny bag with a flat bit at the bottom for a laptop; Mulberry's Bayswater, which is based on an old music satchel and Chanel's quilted 2.55.

Although these bags look very different, they are all practical. They look glamorous and compact on the outside and are as roomy as Dr Who's Tardis on the inside. They are all also heavy. So my ears pricked up when I heard about the recent claims from the department store Debenhams - which sells a mountain of handbags annually, including several designer collaborations - that a trend for smaller handbags is the result of an overall shrinkage in the weight of gadgets women carry around every day. The average weight has allegedly gone from 3.5kg in 2006 to 1.3kg in 2009. This summer, Debenhams said, bags will be at their lightest for seven years.

Really? What bags are we talking about? Prada's clear PVC bags, Stella McCartney's wicker hand-helds or Marc Jacobs' and Dolce & Gabbana's bum bags, perhaps? Certainly not the ones everyone is clucking over at the moment: those sturdy, hand-held granny styles by Dior and Fendi, the Chloé satchel and Louis Vuitton rucksacks. They feature chunky utility pockets, cumbersome handles and a sturdy leather structure that could actually do some damage.

I certainly don't buy into the argument that the decline in the size and weight of gadgets such as mobile phones and MP3 players has reduced the average weight of a handbag. Until I got my iPhone, my little Nokia mobile felt roughly the same weight as an ice lolly. All right, so my Discman is redundant and I no longer need a Filofax, but as for a laptop? The five-year reign of killer heels has seen off any chance of adding that to my daily cargo. (It's amazing how bulky pumps can be.)

As for girlie gadgets, I've always found mobile chargers to be featherweight, if a bit tangly. And an electronic organiser? What is that? The most noticeable bulky addition to my handbag in the past three years has been my make-up bag. The cosmetics boss Leonard Lauder calls this the "lipstick effect". Sales of lipstick have risen 12 per cent since Lehman Brothers collapsed, which Lauder puts down to a woman's desire to pamper herself despite hard times.

He has a point. I wouldn't dream of leaving the house without a roll-call of crucial potions, from eyelash serum to collagen plump-up lip cream. I'm currently touting around a Smythson Maze bag (same as Samantha Cameron's), which has such a cavernous interior that I'm convinced it was inspired by a toolbox. Is it heavy? Of course. But let's just say knowing it's full of everything I need for my day actually takes the weight off my shoulders.

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Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

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Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

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What is hepatitis?

Hepatitis is an inflammation of the liver, which can lead to fibrosis (scarring), cirrhosis or liver cancer.

There are 5 main hepatitis viruses, referred to as types A, B, C, D and E.

Hepatitis C is mostly transmitted through exposure to infective blood. This can occur through blood transfusions, contaminated injections during medical procedures, and through injecting drugs. Sexual transmission is also possible, but is much less common.

People infected with hepatitis C experience few or no symptoms, meaning they can live with the virus for years without being diagnosed. This delay in treatment can increase the risk of significant liver damage.

There are an estimated 170 million carriers of Hepatitis C around the world.

The virus causes approximately 399,000 fatalities each year worldwide, according to WHO.

 

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.