Hermès news and archive

Hermès Q2 sales increase 13 percent amid luxury slowdown

Consolidated revenue in the first half of 2024 at Hermès amounted to 7.5 billion euros, up 15 percent at constant exchange and 12 percent at current exchange rates. In the second quarter, group sales reached 3.7 billion euros, up 13 percent at constant exchange rates. Recurring operating income was 3.1 billion euros and net profit reached 2.4...

Business

Hermes v Hermes: Turkey bookshop marks win in copyright fight

A bookseller in Turkey notched a victory over a French luxury house in a copyright battle to be able to call itself Hermes, the shop's lawyer said Tuesday, hailing an infrequent win against a major brand. An Ankara court ruling partially voided a decision by TurkPatent, Turkey's intellectual property authority, that prevented any brand other...

Business |Background Featured

The silent luxury giant Hermès and the loud legal battle over the Birkin bag

French fashion house Hermès has not only made headlines recently for its continued growth, but has also been in the public eye for its ongoing legal battles. The disputes surrounding the iconic Birkin bag not only delve deep into the digital realm, but also raise questions about artistic freedom and whether there is a right to luxury. Trademark...

BusinessFeatured

First quarter luxury earnings show brands' strengths and weaknesses

French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...

BusinessFeatured

Hermès records strong Q1 growth

The Hermès Group’s consolidated revenue amounted to 3,805 million euros in the first quarter of 2024, up 17 percent at constant exchange and 13 percent at current exchange, driven by strong growth in all geographical areas. In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an...

CultureFeatured

Milan Design Week is dominated by fashion takeovers

Milan's annual Salone del Mobile furniture and interiors fair has transformed into the premier global design destination. Against the vibrant backdrop of Italy's fashion capital, a plethora of brands and retailers across the design spectrum offer unparalleled experiences, collaborations, activations, events, and, of course, soirées, transforming...

Investors brace for luxury slowdown in Q1

Investors are bracing for a notable downturn in luxury sales as companies prepare to release their first-quarter results, reflecting weakened demand from China, reported Reuters. Kering's unexpected forecast of a 10 percent decline in first-quarter sales, contrasting with the 3 percent anticipated by analysts, has already cast a shadow over the...

Fashion

Is an Hermès Birkin bag a better investment than gold?

Reports suggesting that Hermès requires shoppers to make purchases across multiple categories before being eligible to buy a coveted Birkin bag have led some luxury experts to speculate that these bags hold more value than gold. An article in Fortune this week highlighted that the value of a Birkin bag doubles approximately every five years,...

Business

Hermès taken to court by customers over 'unfair sales practices'

Hermès was taken to court by two customers in the US state of California, who accused the company of unfair sales practices. According to the suit, Hermès allegedly only offers its Birkin bag to an exclusive group of customers with "sufficient sales history". Only people who have previously bought from the brand are allowed to buy the Birkin...

BusinessFeatured

Hermès records strong sales and profit in 2023

The Hermès Group’s consolidated revenue amounted to 13,4 billion euros in 2023, up 21 percent at constant exchange rates and 16 percent at current exchange rates compared to 2022. Recurring operating income amounted to 5,650 million euros, while net profit group share reached 4,311 million euros, an increase of 28 percent. In the fourth quarter,...

Business

Hermes vs Hermes: Turkish bookseller takes on French giant

It's a case of Hermes vs Hermes. One, the global luxury goods giant based in Paris, is suing the other, a cosy bookseller tucked away in a Turkish seaside town, over alleged trade name infringement. Umit Nar, who owns the Sahaf Hermes store in the Aegean coast city of Izmir, argues that he has been in business for 15 years and never once been...

Business

PETA launches stink bomb protest at Hermès Paris boutique

The People for the Ethical Treatment of Animals (PETA) has amped up its pressure on Hermès in the run-up to Christmas, releasing “a foul-smelling spray” into one of the luxury brand’s Paris boutiques. The activist that carried out the protest donned a t-shirt stating “Hermès stinks of death” while holding a sign that read “Hermès: Stop Exotic...