Hermès
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
Skechers sues Hermès for patent infringement
The US-based company announced that it has sued the luxury group for allegedly infringing on multiple patents regarding its Massage Fit sole technology
Hermès sales grow in the first half
The French-based luxury group posted a revenue increase in the first half of 2022, with all geographical areas recording "strong growth". Performance in Greater China bounced back in June
Hermès to open two new leather goods workshops by 2026
The two workshops, which will employ 500 people, will allow the French luxury house to increase its production capacity while remaining committed to its artisanal culture
Fashion brands halt sales in Russia
Pressure has been mounting on the Fashion industry to cut off commercial trading with Russia in the aftermath of Russia’s invasion of Ukraine on the 24th of February
Hermès posts strong performance in 2021
The French-based luxury group reported an increase in revenue of 42% at constant exchange rates, and 41% at current exchange rates, as compared to 2020, reaching 8.98 billion euros
Hermès reports strong growth
In the third quarter of 2021, the group’s consolidated revenue totalled 2.37 billion euros driven by an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia
Hermès opens its 19th leather workshop
The Maroquinerie de Guyenne, located in the village of Saint-Vincent-de-Paul, in the French department of Gironde, will at length create 260 jobs. The new facility is part of Hermès strategy of strengthening its role as a socially responsible company
Hermès opens apprenticeship training centre
The École Hermès des savoir-faire, now open within the leather workshop of Fitilieu, welcomes applicants from all backgrounds who aspire to develop their craftsmanship in leather work. The course is accredited by the French National Education authority
Hermès registers robust sales growth
In the first quarter of 2021, the group's consolidated revenue amounted to 2.08 billion euros (44% at constant exchange rates and 38% at current exchange rates), thanks to an outstanding performance in Asia and Japan and the upturn in America
Asian recovery helps Hermès to limit impact of the crisis in 2020
The luxury group Hermès will withstand the health crisis in 2020 thanks to the strong recovery in Asia during the second semester, which compensates weak results in other regions, especially in Europe
Hermès returns to growth
Sales in the third quarter (+7% at constant exchange rates and +4% at current exchange rates) are driven by strong activity in the group's stores (+12% at constant exchange rates), the momentum in Asia and a significant improvement in all other geographical areas
Hermès: revenue dives by 41% in the second quarter
At the end of June, revenue for the semester was down by 24% at current exchange rates. In the second quarter revenue was down by 41%, as Hermès took the hit of the COVID-19 pandemic
Hermès: one China store with 2.7 million US dollars sales in one day
WWD is reporting that Hermès China's second-largest Guangzhou flagship has registered 2.7 million US dollars in sales on the reopening day
Robust growth for Hermès
For the third quarter of the current fiscal year Hermès' consolidated revenue totalled 5 012 million euros, up by 16% at current rates. Leather Goods and Saddlery up by 12%-
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