Axel Dumas news and archive

Hermès bets on expanding its beauty range

After sales of its beauty and perfume soared 15 percent last year, Hermès is expanding the category with new products. Hermès debuted its first fragrance in the 1950s, but perfume only accounts for 4 percent of total revenue, while leather goods accounts for nearly half. With a new focus on beauty, Hermès is tapping into a lucrative category,...

Fashion

Hermès hit by ostrich farm cruelty claims

Hermès was thrown onto the defensive on Tuesday over claims of cruelty at a farm that allegedly supplies skins used in its luxury handbags, the second such allegations in a year. A spokeswoman for animal rights group PETA used the French fashion house's AGM in Paris to grill Hermes CEO Axel Dumas about a video showing ostriches being slaughtered...

BusinessFeatured

France's Hermes bags luxurious profit of 973 million euros

French luxury goods group Hermes said Wednesday that net profit rose to skim the billion-euro mark last year despite an economic slowdown in China, the Paris terror attacks and currency fluctuations. Hermes, known for its leather handbags such as the Birkin named for the British singer and its silk square scarves, posted growth across the...