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Nike requests counterfeiting claims be added to StockX lawsuit while Hermès NFT case moves forward

Nike asked a federal judge of the US District Court for the Southern District of New York on Tuesday to add counterfeiting and false advertising claims to an existing trademark infringement lawsuit against the online secondary sneaker marketplace, StockX. According to reporting from Bloomberg, Nike legal representatives purchased four...

May 11, 2022

ManagementFeatured

Ready-to-wear and leather goods drive Q1 sales at Hermès

Hermès group’s consolidated revenue reached 2,765 million euros in the first quarter of 2022, up 33 percent at current exchange rates and 27 percent at constant exchange rates. The company said in a release that sales were particularly dynamic in group stores, especially in America and Europe, driven by the acceleration in all the business lines...

Apr 14, 2022

Business

Hermès to open two leather goods workshops by 2026

Luxury house Hermès has revealed plans that would see it open two leather goods workshops and provide 500 jobs within the next four years. The projects are part of the brand’s ongoing ambition of growing its production capacity and driving the heritage of craftsmanship through skill learning and job opportunities. The future workshops, which are...

Mar 21, 2022

Video

Video: Hermès FW22 collection at Paris Fashion Week

In this video, French luxury fashion house Hermès has presented its FW22 collection at Paris Fashion Week (PFW). Watch the video below. Video: Hermès via YouTube Photo credit: Image via Hermès on YouTube

Mar 7, 2022

Business

LVMH, Hermes, Chanel pause business in Russia

French luxury giants LVMH, Hermes and Chanel have decided to temporarily close their shops in Russia, which invaded Ukraine on February 24, the firms announced Friday. Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60 people in the country. "Taking into account the situation in the...

Mar 7, 2022

Business

Hermès joins luxury brands halting Russian operations

French luxury group Hermès has decided to temporarily close its shops in Russia and pause its commercial activities from later Friday, the firm announced. The group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60 people in the country. "Deeply concerned by the situation in Europe at this time,...

Mar 4, 2022

Report

Hermés switches up executive committee with new members

Luxury group Hermés has appointed new members to its executive committee, to broaden its composition and “enrich it with new people and expertise”. The decision was made by Hermés CEO, Axel Dumas, a sixth-generation family member of the house. The appointments will come into effect March 1, with the roles of the other nine members of the...

Feb 22, 2022

ManagementFeatured

Hermès reports strong revenues and profit growth

In 2021, the Hermès Group's consolidated revenue reached 8,982 million euros, up 42 percent at constant exchange and 41 percent at current exchange compared to 2020. Over two years, the company said in a release, this increase was 33 percent at constant exchange, in the first as in the second half of the year. The company added that recurring...

Feb 18, 2022

Fashion

Virgil Abloh Louis Vuitton x Nike sneakers fetch 25 million dollars at auction

Sotheby’s this week auctioned an online sale of 200 pairs of Louis Vuitton Virgil Abloh x Nike sneakers, selling for a total of 25.3 million dollars. One pair in a rare size sold for 352,800 dollars, with most selling over 100,000 dollars, well over the original estimates of 5,000 – 15,000 dollars. The Nike collaboration was a shoe designed by...

Feb 10, 2022

BusinessFeatured

Nike joins fashion's fight to halt 'unauthorised' NFTs

As digital objects in the form of NFTs have exploded in popularity and value over the past year, so too have the legal headaches and complications. Nike became the latest company to file a lawsuit over the issue on Thursday -- suing shopping platform StockX for creating and marketing NFTs with its logo and branding. It follows a lawsuit last...

Feb 4, 2022

Fashion

Hermès names beauty creative director

Gregory Pyrpylis has been tapped by Hermès Beauty to be their new creative director. He will report to Agnès de Villers, president of Hermès Parfum and Beauté, and he will work under the brand’s artist director, Pierre-Alexis Dumas. In 2020, Hermès expanded their beauty division beyond perfumes by adding cosmetics including lipstick, powders,...

Jan 27, 2022

Fashion

PFW: Hermès Fall 2022

Some of the most coveted fabrics at Hermès’ Autumn Winter 2022 presentation were the linings. Soft, eccentric and boldly colourful, sumptuous linings bridge the intimacy between garment and wearer. A pale blue parka contrasts with a fluffy white lining, also seen on yellow outerwear. Elsewhere a leather teddy jacket is lined with a grey...

Jan 25, 2022