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HERMES 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,...

21 Mar 2023

BusinessFeatured

MetaBirkins saga continues: Rothschild potentially seeks new trial against Hermès

In what is turning out to be a long-winded back-and-forth of various claims, the MetaBirkins case has moved onto the next phase of the legal battle against artist Mason Rothschild and luxury brand Hermès. In the latest development, Rothschild has now filed two court submissions in a bid to regain some control of the situation. Last month, the...

16 Mar 2023

Business

Hermès requests court to block sales of MetaBirkin NFTs

Hèrmes International has doubled down on its efforts to halt the sales of Mason Rothschild’s ‘MetaBirkin’ non-fungible tokens (NFTs) following a court case between the duo that saw a jury rule in favour of the French luxury house. Last month, Hèrmes took Rothschild to court over the sale of the NFTs, which bear a resemblance to the brand’s...

7 Mar 2023

Business

Sharing is caring: Hermès pays all employees €4,000 bonus

After a stellar year of growth at Hermès, where sales increased in four consecutive quarters, the Paris-based luxury house is sharing the windfall with its employees. After also upping the dividend for its shareholders with 63 percent, it is one of the company's highest ever payouts. With sales surging more than 20 percent to 11.6 billion euros...

20 Feb 2023

BusinessFeatured

Hermès sales and profit boosted by robust growth across core markets

The Hermès group’s consolidated revenue amounted to 11,602 million euros in 2022, up 29 percent at current exchange rates and 23 percent at constant exchange rates compared to 2021. In the fourth quarter 2022, the sales momentum recorded at the end of September continued, with sales reaching 2,991 million euros, an increase of 26 percent at...

17 Feb 2023

Business

Hermes rides luxury boom to record profits

Hermes posted record annual profits and sales on Friday, riding a luxury boom while faring better than its rivals in China in the last quarter of 2022. France's high fashion houses have posted bumper earnings despite high inflation that has caused a cost-of-living crunch in many countries. Hermes said net profit reached 3.4 billion euros (3.6...

17 Feb 2023

BusinessFeatured

What does the outcome of Hermès’ NFT trial mean for the future of digital artwork

The boundaries of non-fungible token (NFT) art were put to the test last week, in a trial that saw digital creation come head-to-head with the codes of luxury fashion. In the end, it was the latter that came out on top. Hermès won the highly anticipated trial against Mason Rothschild, an artist who the house had accused of trademark infringement...

13 Feb 2023

Fashion Featured

Hermès wins MetaBirkins Trial

Hermès has won its infamous MetaBirkin case, with an American federal court citing artist Mason Rothschild's sale of NFTs infringed Hermès trademarks, even in the digital realm of a largely unregulated metaverse. A jury of 9 persons awarded damages of 133,000 dollars in favour of Hermès, which included profit of NFT sales and 23,000 dollars for...

9 Feb 2023

Fashion Featured

Paris brings newness and question marks to Fall 2023 menswear

Paris men’s fashion week took place during another of France’s notorious strikes. This time the protests rallied against the government’s proposal to raise the retirement age from 62, one of the youngest in the world, to 64. The youth-led fashion industry is one of many where older workers struggle to be hired, but some sectors, like France’s...

23 Jan 2023

Fashion

Leather goods: the Hermès School introduces a new training course

The Fédération Française de la Maroquinerie (French federation for leather goods) has accredited the professional qualification certificate in cutting and stitching at the Hermès School or École Hermès. The training programme will be available in 2023 and will be open to approximately 200 students per year. By the end of 2022, the École Hermès...

31 Oct 2022

Retail

You can now buy Chanel and Hermès on Luxury Stores at Amazon

Accessories from the world’s most coveted luxury brands, including Chanel, Hermès and Louis Vuitton, can now be bought via Luxury Stores at Amazon. New York-based re-sale purveyor What Goes Around Comes Around (WGACA), is now operating a digital store on Amazon, which sells one of a kind vintage bags, including an Hermès Birkin, currently priced...

24 Oct 2022

Business

Hermès to raise prices as sales remain buoyant

Hermès revenue surpassed analyst’s expectations, beating estimates of a 15 percent increase to a record 24 percent. Despite a dip in share value, with shares having fallen nearly 15 percent in 2022, high spending tourists, especially Americans with a strong dollar, kept the luxury giant well ahead of competitors. By comparison Kering posted...

21 Oct 2022