Hermès news and archive

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....

People

Hermès CEO's long-held conviction regarding missing shares of an heir

Paris - "I have long been convinced that Nicolas Puech no longer has his shares," said Hermès group's chief executive officer, Axel Dumas, on Thursday. He was questioned about the disappearance of shares belonging to one of the group's heirs. The fate of the shares of Mr Puech, 82, one of the great-grandsons of the founder of Hermès, is at the...

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Business

Hermès reports profit dip despite sales increase in first half

Luxury group Hermès announced on Wednesday a 5 percent decrease in net profit for the first half of the year to 2.2 billion euros. This was impacted by the exceptional contribution of businesses. However, its sales increased by 7.1 percent to eight billion euros. Excluding the exceptional contribution, "net profit attributable to the group...

People

Hermès heir calls for enquiry into missing shares after wealth manager's death

Nicolas Puech, heir to the prestigious French luxury leather goods house Hermès, has formally called for an enquiry into the mysterious disappearance of his substantial Hermès shares. This urgent demand comes in the wake of the tragic death of his former wealth manager, Eric Freymond, whose passing was reported last week by the Tribune de Genève...

Fashion

The 10 million dollar bag: Original Birkin smashes records at Paris auction

The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58 million euros (10 million dollars) at a Sotheby's auction in Paris on Thursday, smashing previous price records for a handbag. The modern design classic, owned by a well-known Paris-based handbag collector, sparked a telephone bidding war up...

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Business

Hermès expands watchmaking factory in Switzerland despite sector decline

More powerful than ever with 15.2 billion euros in revenue in 2024, Hermès announced on Monday its plans to expand its watchmaking factory in Le Noirmont, Switzerland. This expansion is set to eventually accommodate one hundred new employees, a move that comes despite the company witnessing a drop in its watchmaking segment sales in 2024. By...

People

Hermès heirs top French fortune ranking in 2025, dethroning Arnault

Paris - The Hermès heirs benefited from the luxury group's strong stock market performance in 2025. This allowed them to take the top spot in the annual ranking of French professional fortunes. The ranking was published on Wednesday by Challenges magazine. They dethroned Bernard Arnault and his family. Since the start of 2025, Hermès has shown...

Fashion|IN PICTURES

PFW: Hermès imagines urban summer, KidSuper creates a fairytale and Ziggy Chen lightens with linen

Paris – Faced with the sweltering heat in Europe, French fashion house Hermès proposed a lightweight style for men spending summer in the city on Saturday; trousers were favoured over shorts, with clever designs to combat the heat. Trousers and a jacket made of finely braided leather strips, reminiscent of a summer chair, were a particular...

Fashion

Sotheby’s to auction off Jane Birkin’s original Hermès Birkin bag

Auction house Sotheby’s is putting Jane Birkin’s original Hermès Birkin bag up for sale as part of its first ‘Fashion Icons’ lot. The bag, typically known to be “The Original Birkin”, is a black leather prototype featuring design elements “that set it apart from every Birkin that followed”, Sotheby’s said, including a stamp with the initials...

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Hermès begins work on new leather goods site in northern France

Luxury group Hermès announced that it has started work on its 26th leather goods workshop in Charleville-Mézières, in the Ardennes region of France. This is part of Hermès’ development plan for manufacturing centres across France; the company also announced the creation of leather goods workshops in Colombelles (Normandy), L'Isle d'Espagnac...

Retail

First ever Birkin bag to be auctioned in July

The first Birkin bag that was designed by French luxury brand Hermes for actress Jane Birkin in 1984, will be auctioned in Paris on July 10, auction house Sotheby's said Thursday. The large black leather tote, whose design went on to become one of the most famous and expensive bags in the world, will be the centrepiece of the "Fashion Icons"...