‘The Hermès Game’: how the luxury house is defying the slowdown
Nov 2, 2023 · Tightly controlled production and premium positioning are helping maker of Birkin and Kelly bags outshine rivals.
How Hermès is bucking the global luxury slowdown
Oct 31, 2024 · Paris-based luxury house Hermès has reported strong financial results despite a global slowdown that has affected competitors LVMH and Gucci owner Kering.
Hermès' $151 Billion Family Fortune Is Europe’s Biggest
Dec 7, 2023 · Hermès Created Europe’s Biggest Family Fortune After Spurning LVMH. The crown jewel of the $390 billion luxury goods industry, Hermès is thriving thanks to its penchant for doing things its ...
Hermès bucks US luxury slowdown as sales soar 22% - Financial Times
Jul 28, 2023 · French luxury group Hermès has defied an industry-wide slowdown in the US, posting 22 per cent growth in sales across all markets in the first half of the year.
Hermès sales rise 11% in Q3 - Vogue Business
Oct 24, 2024 · The luxury industry may be in a slump, but consumer demand for Kelly handbags shows no signs of faltering. French luxury house Hermès reported sales up 11 per cent at constant exchange rates to €3.7 billion in the third quarter, a touch above consensus expectations of 10.5 per cent. “We see Hermès as the best current opportunity to ...
Hermès family signals plan to retain majority stake until at least …
Apr 20, 2022 · Hermès family members have unanimously agreed not to sell their shares in the company for at least two decades, in a move likely to fend off hostile takeover bids.
Hermès sales hit €2.7 billion, driven by the US and Europe
Apr 14, 2022 · Sales at French luxury fashion house Hermès jumped by 27 per cent in the first quarter of 2022 on the back of strong growth in both Europe and the US. Analysts had anticipated a 15 per cent gain.
Hermes sales beat expectations, defying luxury sector gloom
Oct 24, 2023 · Sales at Hermes rose briskly in the third quarter, beating expectations and outshining rivals as economic headwinds did not stop its wealthy clientele from splurging on high-end Birkin handbags.
Hermes Sales Rise as US, Europe Shoppers Splurge on Birkins
Oct 24, 2023 · Hermes sales jumped as wealthy shoppers in the US and Europe splurged on the French company’s pricey Birkin and Kelly bags. Revenue rose about 16% at constant exchange rates in the third quarter...
Hermes sales outstrip luxury rivals, send shares to record high
PARIS, Feb 9 (Reuters) - Hermes (HRMS.PA) said it will further raise prices as its sales outpaced luxury competitors at the end of 2023, helping to lift shares in the Birkin bag maker to a record...