Hermès news and archive

Hermès heir sues LVMH and Bernard Arnault for 14 billion euros

Fifteen years after his raid on Hermès, Bernard Arnault and his LVMH group are caught up in a saga between two French luxury giants: an heir to the accessories specialist, claiming to have been dispossessed of his shares in the family jewel, is demanding 14 billion euros. Nicolas Puech, 82, a Swiss resident, accuses his former wealth manager,...

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Fashion |STUDY

Which luxury handbags have gained the most value between 2020 and 2025?

As gold and silver prices have increased steadily over the last five years, many high-net-worth individuals have been making other strategic investments outside the financial markets. Investing in everything from fine art and rare coins to luxury fashion, a new study from FashioNica, an online platform specializing in the sale of authentic,...

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Business

Luxury sector faces dilemma of 'exceptional Maisons' versus groups seeking recovery

The luxury sector is entering a new era of polarisation, according to several recently published articles and market studies. This dynamic now pits two types of players against each other: 'exceptional Maisons', capable of preserving rarity and vertical integration, and multi-brand groups that must redefine their strategy to regain their...

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Fashion

Grace Wales Bonner: A bold new chapter at Hermès menswear

The announcement that Grace Wales Bonner has been appointed Creative Director of menswear at Hermès is not merely another succession in luxury fashion. It is more of a signal. It tells us something about how Hermès sees the future of men’s style, and how it still chooses to operate slightly off the beaten path. Wales Bonner is far from a “safe”...

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Business

Hermès confirms ambitious growth targets amid economic uncertainty

French luxury group Hermès reported on Wednesday a 5 percent increase in turnover to 3.9 billion euros. The company remains steadfast despite a less favourable environment for the luxury sector in recent quarters. Optimistic outlook The maker of silk scarves and the famous Kelly and Birkin bags remains optimistic about the future. It confirmed...

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People

Hermès appoints Grace Wales Bonner as creative director of men's ready-to-wear

Another shift in the luxury industry. British designer Grace Wales Bonner is joining Hermès, taking over the creative direction of the men's ready-to-wear division, according to a statement from the luxury fashion house. Hermès praises the designer for her “contemporary and innovative approach to menswear” which she has employed and developed...

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Fashion |Opinion

After 37 years at Hermès, Veronique Nichanian leaves a legacy of quiet power

By any measure, 37 years is an extraordinary tenure in fashion. Veronique Nichanian’s departure from Hermès, announced quietly by the house late on Thursday, marks the end of one of the industry’s rarest constants, a creative partnership built on restraint, continuity, and deep respect for materials. Her final show will take place in January,...

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People

The quiet force: How Véronique Nichanian shaped Hermès menswear for almost four decades

In an industry that constantly reinvents itself, Véronique Nichanian has been a calming presence for decades. As the artistic director of menswear at Hermès, she shaped the French luxury fashion house's menswear for almost 40 years. She remained a constant while the fashion world around her changed at an ever-increasing pace. Now, she is...

People

Hermès: Véronique Nichanian to step down as artistic director of menswear after 37 years

After 37 years, Véronique Nichanian is reportedly stepping down from her role as artistic director of menswear at Hermès. The designer announced her departure in an interview with the French daily newspaper Le Figaro, where she also stated that it would be good for someone else to take over. The French luxury group confirmed the information to...

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Business

New Hermès workshop in France to produce Kelly and Birkin bags

Paris - Luxury group Hermès inaugurated its 24th leather goods workshop in France on Friday, located in Isle-d'Espagnac, Charente. The site will eventually employ 260 artisans, according to a statement. Hermès has seen continuous sales growth. Its turnover increased by more than 7 percent in the first half of 2025, reaching 8 billion euros. “...

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Business|Interview

President of Max Pawn Luxury talks pre-owned: "The younger generation has a more discerning eye"

Far from being a passing trend, second-hand is becoming a permanent fixture in consumer habits across the world. An increasing number of shoppers are taking up circular shopping habits, confirming the lasting integration of the pre-loved market in consumer preferences. With over 40 years of experience in the luxury resale sector, Michael Mack,...

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Business

Luxury sector faces challenges: Tariffs, declining sales, and economic headwinds

Paris - The global luxury sector is facing increasing challenges, grappling not only with a decline in the consumption of high-end handbags, perfumes, and designer clothing but now also contending with new tariffs on exports to the United States, a crucial market. Bernard Arnault, chairman and CEO of LVMH, acknowledged the difficult landscape....