French luxury brand to breed crocodiles

Published: 7:41AM Tuesday June 09, 2009 Source: Newstalk ZB

A French luxury goods group has resorted to breeding its own crocodiles on farms in Australia to try to meet demand for its leather bags.

Hermes customers sometimes have to wait several years for certain exotic-skin bags, which can fetch over $NZ77,500 ($US48,000).

Chief executive Patrick Thomas says it can take three to four crocodiles to make one of their bags.

He says the company faces a major challenge producing three thousand crocodile bags a year.

Thomas says the world is not full of crocodiles, except on the stock exchange.

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