Hermès news and archive

Millennials willing to spend more on luxury, Gucci & Louis Vuitton most popular brands

Consumers born between 1981 and 1997, also known as the Millennial generation, are feeling positive about their personal finances. Consequently, they are planning on spending more on luxury. That’s according to a survey with over 3,000 respondents from the US, France, Italy and China, conducted by investment bank and financial services company...

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Report

Hermès first half revenues grow 11 percent

For the first six months of this fiscal year, Hermès International reported consolidated revenues of 2,853 million euros (3,306.6 million dollars), up 11 percent at constant exchange and 5 percent at current exchange rates. Recurring operating income increased by 6 percent to reach 985 million euros (1,141.6 million dollars) or 34.5 percent of...

Fashion

Hermès hires VP of influence

Hermès has appointed a vice president of press and influence, a new role for the luxury brand. Former Vanity Fair fashion director Michael Carl will join the maison and be based at its New York headquarters. Carl’s media experience at a glossy magazine will help the brand speak to a new demographic who are increasingly more online and social...

People

Members of the Hermès family have their home broken into

Two hooded individuals broke into the holiday home of two members of the Hermès family, which owns the eponymous luxury label, last Monday night, according to French newspaper Paris Normandy. The two victims, who are both over 80 years old, were sleeping when the house invaded, at about 3 in the morning. They were held hostage for about an hour,...

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Fashion

Luxury and authenticity: a look at Hermès and Louis Vuitton

At the core of a luxury brand lies both its authenticity and aspirational accessibility. If everyone in the world could afford the same handbag it could, nor should, be classified as luxury. Coco Chanel once said “luxury begins where necessity ends,” an apt description of what true luxury means. Forbes this week published an article titled:...

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Management

French luxury giants dive into Silicon Valley

Steve Jobs may have been a tech genius, but he clearly didn't care much for fashion. Facebook boss Mark Zuckerberg has followed in his footsteps, sporting a plain grey T-shirt every day for years -- only to swap it for a simple black suit to testify before Congress and the European Parliament. But Silicon Valley, whose billionaires have long...

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Management|ANALYSIS

Hermes manages to weather China-US price war, beating analysts’ estimates

Hermes has just toasted to a great first half of the year, unveiling H1 profits circa the record earnings it generated in the same period last year. The French luxury conglomerate reported sales up by 7.2 percent to 1.46 billion euros in the three months to July, and 12 percent on a constant currency basis, comfortably surpassing the market...

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Management

Hermès posts H1 revenue growth of 11 percent

The Hermès Group said that its consolidated revenue amounted to 2,853 million euros (3,323 million dollars) in the first half of 2018, up 11 percent at constant exchange and 5 percent at current exchange rates. The company added that it witnessed strong store sales growth 11 percent at constant exchange rates. Hover over the graph to learn more....

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Video: Hermès - Footsteps across the world collection - Kyoto

Droplets, waves and mountains… the etchings held prisoner in blocks of stone were the inspiration for the Japanese master bookbinders’ marbled paper. Inkjet printing has transposed these effects to fabric, without ever equalling the delicacy and radiance of the patterns found by Hermès in an old album in the archives of its Lyon textile sector....

Video

Video: Hermès - Footsteps across the world collection - Sorède

Hundreds of inhabitants of Sorède, in the south of France, braided whips and riding crops in hackberry wood until the car and the tractor supplanted the horse. Source: Hermès, YouTube.

Video

Video: Hermès - Footsteps across the world collection - London

The Goldfinger Factory spreads out under the Trellick Tower’s 320 meters of concrete. In this underprivileged part of West London, young people become talented apprentices with the support of the Fondation d’entreprise Hermès. Recycled wood and metal sheets are transformed into contemporary furniture. A social enterprise that focuses on style....

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Video: Hermès - Footsteps across the world collection: Pantin

Recognisable by their trademark white coats, which have earned them the nickname the Blouse Brothers, the Prudhomme brothers, Lionel and André, are supervisors at the Pantin leather workshop. Source: Hermès, YouTube.