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HERMES news and archive

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...

Jan 23, 2023

Schools

Leather goods: the Hermès School introduces a new training course

The Fédération Française de la Maroquinerie (French federation for leather goods) has granted the École Hermès accreditation for its professional qualification certificate in cutting and stitching. 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 will...

Oct 31, 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...

Oct 24, 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...

Oct 21, 2022

Business

Skechers sues Hermès over patent infringement

Footwear brand Skechers has filed a case against luxury fashion house Hermès in Manhattan’s federal court, claiming that two of the brand’s footwear styles infringe on a number of its patents. The Hermès designs in question, the Éclair and Envol, were launched in 2022 and incorporate mid-sole and undersole design elements. According to Skechers,...

Oct 20, 2022

ManagementFeatured

Hermès reports strong sales growth across markets and business lines

The Hermès group’s consolidated revenue amounted to 8,611 million euros at the end of September 2022, up 30 percent at current exchange rates and 24 percent at constant exchange rates compared to the same period in 2021. In the third quarter, sales reached 3,136 million euros, up 32.5 percent at current exchange rates and 24 percent at constant...

Oct 20, 2022

Fashion Featured

Telfar becomes one of the most valuable resale labels

Luxury resale platform Rebag has revealed that Telfar has become one of the most valuable labels in the resale market, and Chanel, Louis Vuitton and Hermes have reached “unicorn status” for leading the pack in terms of retention value. According to Rebag’s 2022 Clair Report, which investigates the value of luxury brands on the resale market,...

Oct 18, 2022

Business |Interview Featured

Behind the scenes of one of the world' s leading auction houses

For over a decade and a half, the French auction house Artcurial has hosted the finest luxury brands and was the first auctioneer to offer Hermès accessories. Every year, the fashion and luxury accessories department holds two prestigious auctions in Monaco dedicated to the French design house, as well as several thematic online auctions,...

Sep 13, 2022

ManagementFeatured

Hermès posts strong sales and profit growth

The Hermès Group's consolidated revenue amounted to 5,475 million euros in the first half of 2022, up 29 percent at current exchange rates and 23 percent at constant exchange rates compared to the same period in 2021. The company said in a statement that recurring operating income amounted to 2,304 million euros, 42 percent of sales, while net...

Jul 29, 2022

Business

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