“When will Hermès ban wild animal skins and embrace ethical luxury by launching vegan Birkin and Kelly bags?” This was the question that PETA, which owns shares in the French company, put to chief executive officer Axel Dumas on April 30, during Hermès’s general meeting. “The action follows PETA's new DIY video on YouTube, which has garnered...
1 day ago
Data, retail tools, automation of logistics processes, and decision-making support are the main areas in which Hermès uses artificial intelligence (AI). The Parisian group, questioned by a shareholder ahead of the general meeting held in the French capital on Wednesday, April 30, discussed its relationship with AI and future developments. “AI is...
Fashion company turnovers have fluctuated in recent months, due to the geopolitical situation, the consumer crisis, and the weather. But what will happen in the coming months and, above all, what can be expected from the markets? According to Kevin Thozet, a member of the investment committee at Carmignac, an independent, family-run European...
Apr 22, 2025
As the U.S. administration ramps up tariffs on imported goods, the fallout for global fashion is already becoming apparent. From European luxury houses to Chinese fast fashion giants, industry players are bracing for squeezed margins, disrupted supply chains, and dampened demand from increasingly cost-conscious American consumers. The new wave...
Paris - French luxury group Hermès announced on Tuesday the establishment of a new leather goods workshop in Colombelles (Normandy) “with the creation of 260 artisan jobs, in the long term” to support “the success of its leather goods and saddlery collections”. Hermès, which continues to achieve record results and whose sales jumped by 8.5...
Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...
Apr 17, 2025
Paris - French luxury group Hermès is set to increase its prices in May in the US to offset the 10 percent tariff. The company also reported an 8.5 percent increase in turnover in the first quarter of 2025. Hermès, which on Tuesday ousted its rival LVMH as the leading French stock market capitalisation, will “fully offset” the impact of the 10...
French luxury group Hermès continued to grow in the first quarter. However, the maker of products such as the Birkin and Kelly bags fell short of expectations. Sales rose by 8.5 percent to 4.13 billion euros in the first three months of the year, the EuroStoxx 50 heavyweight reported on Thursday in Paris. Adjusted for currency effects, growth...
Paris - The French luxury group Hermès dethroned its rival, the French luxury giant LVMH, on Tuesday, becoming the leading stock market capitalisation at the close of the CAC 40, the benchmark index of the Paris stock exchange. It also became the most valuable luxury company in the world. Hermès' stock market valuation reached 248.60 billion...
Apr 16, 2025
As the US stock market continues to fall into negative territory over the latest tariff changes, individuals around the world seek out more stable and secure alternatives for investing. From gold to arts and collectibles, some of the most sought-after investment pieces in the fashion industry have long included Rolex watches and the ever-iconic...
Apr 11, 2025
Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...
Mar 25, 2025
Originally a wool merchant, Loro Piana began as a textile mill, exporting high-end fabrics to Europe, Japan, and the Americas. Renowned for its extra-fine wool, cashmere, and vicuña, the company did not enter the ready-to-wear and luxury goods market until the 1980s. It is fair to say it hasn’t looked back since. By the time LVMH acquired an 80...
Mar 14, 2025