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...
29 Jul 2022
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...
11 May 2022
Rebag, a platform for buying, selling and trading designer handbags, accessories, watches, and jewellery, has launched its own auction house for luxury items. Called Rebag Auction, the new features allows users to bid on high-end items, such as rare Hermes and Louis Vuitton handbag styles. The auction feature promotes the idea of luxury goods as...
29 Apr 2022
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...
14 Apr 2022
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...
21 Mar 2022
Parcel delivery company Hermes, which counts Asos, Marks & Spencer and John Lewis as clients, is changing its name to Evri as part of a complete rebrand to enhance its customer services. Described as a new chapter for Hermes, the company will rebrand as Evri with a new logo and brand identity, explained the delivery company in a statement, which...
15 Mar 2022
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
7 Mar 2022
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...
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,...
4 Mar 2022
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...
22 Feb 2022
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...
18 Feb 2022
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...
10 Feb 2022
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