All Hermès articles
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News briefs
Hermès posts strong earnings
Hermès’ revenues amounted to €13,427 million in 2023, up by 21 percent at constant exchange rates and by 16 percent at current exchange rates from 2022. Net profit grew by 28 percent to €4,311 million. Sales of the leather-goods and saddlery division of the French fashion house totalled €5,547 ...
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Hermès could consider investments in Italian shoe, fashion suppliers
Hermès could invest in some of its Italian footwear and fashion suppliers to further integrate its supply chain, said Eric du Halgouët, the company’s executive vice president of finance. “We could consider vertical integration with investments to consolidate partnerships with some suppliers that share our standards,” he said during a ...
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The stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
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News briefs
Hermès’ H1 sales rise by over 22%
Hermès’ first-half revenues were €6,698 million, up by a reported 22.3 percent and by 25.2 percent at constant currency rates, with growth of 20 percent or above in all geographical areas. The leather goods and saddlery division booked sales of €2,780 million, up by a reported 17.9 percent and by ...
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News briefs
Hermès sales up by 22% in Q1
Hermes’ first-quarter revenue reached €3,380 million, up by a reported 22 percent and by 23 percent at constant currency rates, with growth in all geographical areas and across all the business lines. The leather goods and saddlery division booked sales of €1,409 million, up by a reported 18 percent and ...
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News briefs
Hermès’ FY sales up by nearly 30%
The French luxury goods group Hermès said that in 2022 it posted a net profit of €3.367 billion, up from €2.445 billion, while revenues rose by 29.2 percent to €11.602 billion. At constant currency rates, the top line was up by 23.4 percent. The leather goods and saddlery division increased ...
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Stocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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News briefs
Skechers sues Hermès for alleged patent infringement
Skechers USA has sued Hermès International and Hermès of Paris for alleged patent infringement of its proprietary Massage Fit sole technology. The lawsuit was filed on Oct. 18 in the United States District Court for the Southern District of New York in Manhattan. In 2022, Hermès introduced two footwear ...
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News briefs
Hermès 9-month sales up by 30.0%
In the first nine months of the year, Hermès’ sales stood at €8,611 million, up by 30.0 percent on reported basis and 24.0 percent at comparable exchange rates. Sales for the sole leather goods and saddlery business were up by a reported 19.1 percent and by 12.5 percent at ...
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News briefs
Hermès Q1 sales up by 33%
In the first quarter of 2022, Hermès posted revenues of €2,765 million, up by 33 percent on a reported basis and 27 percent at constant exchange rates. Sales were particularly dynamic in group stores, especially in America and Europe, driven by the acceleration in all the business lines and the ...
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Brazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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News briefs
Hermes to open two new leather goods workshops in France
The French luxury goods group Hermès plans the construction of two additional leather goods workshops over the next three to four years in France, resulting in the hiring of 500 craftsmen. The new workshops will become the 23rd and 24th production sites of Hermès’ leather goods & saddlery division, all ...
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News briefs
Hermès' full-year results surge
In 2021 Hermès posted sales of €8.982 billion, up by 30 percent compared with the pre-pandemic year of 2019. The operating margin reached a record 39.3 percent in 2021, compared with 34 percent in 2019 and 31 percent in 2020. The net profit was €2.445 billion, nearly €1 billion higher ...
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News briefs
Hermès opens 19th leather goods workshop in France
The French luxury goods firm Hermès has inaugurated its latest leather goods production site in Saint-Vincent-de-Paul, near Bordeaux. It is the company’s 19th leather goods workshop in France. Hermès said that it has been expanding its manufacturing capacity to respond to a strong rise demand. The 5,800-square-meter facility was designed ...
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News briefs
Hermès’ sales rise sharply in H1
The revenues of the French luxury goods group Hermès totaled €4,235 million in the first half, an increase of 77 percent year-on-year at constant exchange rates and 70 percent at current rates led by the Americas. At constant currency rates, sales in Asia, excluding Japan, rose by 86.5 ...
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News briefs
Hermès’ leathergoods sales up by 18% in Q1
The revenues of the French luxury goods group Hermès totaled €2,084 million in the first quarter, an increase of 44 percent year-on-year at constant exchange rates and 38 percent at current rates driven by Asia. The organic revenue growth was 33 percent. At constant currency rates, sales in ...
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News briefs
Hermès’ leathergoods sales up by 18% in Q4
The revenues of the French luxury goods group Hermès totaled €6,389 million in 2020, a decrease of 6 percent at constant exchange rates and 7 percent at current rates. Revenues returned to growth in the second half after being hit by the Covid-19 pandemic, with an acceleration in the ...
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Stocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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News briefs
Italian industrial dynasty takes over Shang Xia
The Italian holding company Exor will invest €80 million in the Chinese luxury goods company Shang Xia , of which the French luxury goods company Hermès is a key shareholder. Exor will inject the funds into Shang Xia via a reserved capital increase that will result in ...
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News briefs
Hermès’ purchase of J3L cleared by the French antitrust agency
The French antitrust agency, Autorité de la concurrence , has authorized, without conditions, Hermès ’ plans to take full control of J3L , that it currently jointly controls, on the grounds that the transaction does not hinder competition. J3L produces high-end metal parts for luxury companies, especially for handbags, ...