By and  on February 9, 2010

NEW YORK — Hermès clearly isn’t worried the luxury customer might be cutting back.

In a big bet the wealthy will keep spending, the French luxury brand is doubling its presence on Madison Avenue with the opening of its first men’s-only store in the world. And this being Hermès, price is no object — the store’s offering ranges from signature Hermès silk ties to an Hermès baseball at $1,100 and glove at $8,500, to custom leather jackets with a starting price of $50,000.

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