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Handbags, Alibaba, cruise lines and real estate – News briefs

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Today in luxury marketing:

Moneybags: Is the frock-market the new stock-market?
Handbags are big business - and for once, that doesn’t refer to the fashion houses making millions from particular styles they dub to be “It”. The most in-demand bag, in fact, is one you can’t even purchase in a store - the Hermès Birkin, says The Independent.