Thierry Hermes opened his first shop in Paris, ironically during the same year that Charles Lewis Tiffany opened the New York based Tiffany & Co. in 1837. Hermes started out specializing in horse harnesses and saddles. During that time there were no handbags to covet, however there was still a wait list. Only it was for horse carriages and accessories. Just as today, the Hermes brand was considered a status symbol.