Hermès news and archive

Shein reigns supreme, taking the lead apparel market share in 2024 amidst a tough economy

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...

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Loro Piana’s quiet ascent to become LVMH’s Hermès

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...

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Solid financial results for Hermès in 2024

Paris, February 14, 2025 – Hermès continues to assert its leadership position in the luxury industry with impressive 2024 annual results. In an uncertain economic and geopolitical context, the group recorded double-digit growth in both revenue and profitability, confirming the relevance of its artisanal and exclusive model. An exceptional year...

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Video: Hermès Men's FW25

See the latest FW25 collection from Hermès Men's at Paris Fashion Week Men's.

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How Walmart’s Birkin-esque handbag sparked a viral sensation

In the world of high fashion, few accessories command as much attention—or aspiration—as the Hermès Birkin bag. Prized for its exclusivity, craftsmanship, and astronomical price tag that starts in the five figures, the Birkin has become a status symbol for the elite. Yet, an unexpected contender has entered the fray: a 78 dollar bag sold on...

Fashion

Goyard tops Hermès in value retention, according to latest Rebag Clair Report

For the first time ever, luxury French fashion house Goyard has successfully surpassed Hermès in value retention, with a 104 percent retention rate, according to the fifth edition of Rebag’s Clair report. Short for the luxury resale platform’s proprietary Comprehensive Luxury Appraisal Index for Resale (Clair), the 204 Clair report looks into...

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Luxury shares tumble as Richemont posts sales decline

Swiss luxury conglomerate Richemont, owner of such brands as Cartier, Chloe, and Alaïa, experienced a sharp 6 percent drop in its share value this week, after announcing weaker-than-anticipated earnings. The company reported quarterly sales of 2.2 billion euros, falling short of analysts' projections of 2.45 billion euros, with profits marking a...

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Hermès Q3 sales grow amid luxury market challenges

Hermès group’s consolidated revenue amounted to 11.2 billion euros at the end of September, up 14 percent at constant exchange and 11 percent at current exchange rates compared to the same period in 2023. In the third quarter, sales reached 3.7 billion euros, up 11 percent at constant exchange and 10 percent at current exchange rates. Commenting...

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Video: Hermès SS25

Watch Hermès’ runway show at Paris Fashion Week showcasing their SS25 collection. Video: Hermès via YouTube Promotion Read more about Hermès on their brandpage

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Hermès chief rebuffs LVMH comparisons as luxury landscape shifts

Hermès executive chairman Axel Dumas is distancing his company from comparisons with luxury giant LVMH, despite both firms' French heritage and family ties. "We don't sell the same products [as Louis Vuitton], so surpassing their size is not a goal as such," Dumas told Fortune in a recent interview. This stance comes as Hermès outperforms the...

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Hermès heir Nicolas Puech alleges 12 billion euro fraud

The Hermès inheritance is once again in the limelight: heir Nicolas Puech has alleged a 12 billion euro fraud. As reported by Milano Finanza, the descendant of the fashion house accused asset manager Eric Freymond of misappropriating 6 million shares belonging to him, equivalent to a 5.7 percent stake. At current market value, this shareholding...

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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...