Hermes International news and archive

Hermès records strong Q1 growth

The Hermès Group’s consolidated revenue amounted to 3,805 million euros in the first quarter of 2024, up 17 percent at constant exchange and 13 percent at current exchange, driven by strong growth in all geographical areas. In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an...

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Fashion

Websites feed the demand for pre-owned luxury handbags

Would you fork out 8,000 dollars for an old handbag? For fashionistas who simply must get their hands on a rare model from an iconic brand, the answer is an emphatic yes. Thanks in part to the economic downturn, some of the stigma of buying second-hand accessories has eased in recent years -- although many buyers still prefer to use euphemisms...

Fashion

Hermès soars after H1’s Asian sprint

Hermes International SCA (RMS) gained 1 percent Friday, right after the maker of Birkin and Kelly bags raised this year’s sales-growth target as first-half earnings beat estimates. Hermes rose as much as 4.1 percent in Paris trading and was up 2.1 percent at 228.45 euros as of 9:36 a.m. Hermes shares closed Thursday at 223.7 euros. The gain...

Design

Hermes H1 consolidated sales up by 21.9 percent

Hermes International announced its financial results for the first half of the fiscal 2012. It reported an increase of 21.9 percent in group’s consolidated sales for the first half of 2012 which totaled 1,591.4 million euros (1,989.73 million dollars) at current exchange rates (15.4 percent at constant exchange rates). Its current operating...