Hermès news and archive

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"...

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Hermès to open factory in France in 2027

Luxury group Hermès has started work on the Beyrand factory, a subsidiary of the group since 2017. The site will open in 2027, in Couzeix, France (Haute-Vienne), and will be dedicated to tableware. In approximately two years, 300 people will come to work in the town of Couzeix. They will be working at the new Beyrand factory. Among the technical...

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Environmental objectives of luxury groups: Who is aiming for what?

By 2040, Chanel is expected to achieve net-zero greenhouse gas emissions across its entire value chain. With this goal, the company aligns itself with the Paris Agreement signed in 2015, which aims in particular to keep global warming well below 2°C compared to pre-industrial levels by 2100. But what about the other luxury giants? FashionUnited...

Fashion

PETA attends Hermès meeting, calls for vegan bags; Dumas speaks of ‘ethical farms’

“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...

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Hermès to form an Artificial Intelligence Governance Committee

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

America’s resale market poised to gain amid tariffs

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...

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In response to global demand, Hermès opens 27th leather goods workshop in France

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...

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First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

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...

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Hermès to increase prices in US to offset 10 percent tariff

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...

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Luxury goods group Hermès grows less than expected

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...

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Hermès becomes leading stock market capitalisation of CAC 40, ahead of LVMH

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...