Hermès news and archive

Hermès hit in first quarter by Middle East war and exchange rates

French luxury group Hermès reported on Wednesday that its first-quarter sales fell by 1.4 percent year-over-year to 4.1 billion euros (4.83 billion dollars). The results were impacted by exchange rates and the war in the Middle East. At constant exchange rates, the saddler and leather goods maker's revenue grew by 6 percent, with the adverse...

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European fashion stocks soar following Iran ceasefire

Madrid – Optimism is taking hold of the markets following the hopeful bilateral ceasefire agreed between the governments of the US and Iran in the early hours of Wednesday, April 8, Central European Summer Time. The agreement, reached for the next two weeks, is based on open negotiations for a “definitive” and “long-term” peace deal. It will...

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In 'an uncertain world', luxury groups wary of 2026

Paris (France) - Following a "turbulent" 2025 and in "an uncertain world", caution is the watchword for 2026 in the luxury sector, where major French groups have published mixed results. "The past year was 'turbulent economically and geopolitically (...) and 2026 will not be very simple either, but one thing at a time'," stated Bernard Arnault,...

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Hermès reports 1.72 percent net profit decrease due to exceptional surtax

French luxury group Hermès announced on Thursday, February 12, 2026, a 1.72 percent decrease in its net profit for 2025, which fell to 4.5 billion euros (5.35 billion dollars). This decline was attributed to an exceptional surtax imposed on large companies by the French government to restore public finances. Excluding this exceptional...

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The Epstein files: Hermès CEO clarifies 2013 encounter and subsequent rejections

Paris, France - The chief executive officer of French luxury group Hermès, Axel Dumas, stated on Thursday that Jeffrey Epstein had pushed to meet him in 2013. Epstein went as far as inviting himself to a tour of one of the company's workshops in the Paris region. "I had only one contact with Jeffrey Epstein, which was in March 2013 during a...

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Hermès expands leather goods production with new Normandy workshop

Following a memorable show marked by the farewell of Véronique Nichanian, Hermès is making headlines again by announcing a new leather goods project. The facility will be established in Normandy in France, a region where the luxury group already has several workshops. The new leather goods workshop will be located in the town of Les Andelys, in...

Fashion

Key highlights from Véronique Nichanian's final Hermès menswear collection

Paris, France – A standing ovation and “immense emotion” marked the presentation of French designer Véronique Nichanian’s final Hermès collection on Saturday evening in Paris. After 37 years leading the menswear line, she presented a collection she wanted to be “just like the others”. “It is incredibly emotional. This is not a retrospective, nor...

Retail

Second-hand: The Row follows close behind Hermès and Goyard with 97 percent retention rate

Certain brands stand out as unshakeable pillars in the second-hand fashion market. Hermès immediately comes to mind, with handbags perceived as investments as profitable as prime property. However, this rapidly developing segment also holds surprises. The recent Clair Report, published by resale site Rebag, revealed the impressive performance of...

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Luxury sector faces dilemma of 'exceptional Maisons' versus groups seeking recovery

The luxury sector is entering a new era of polarisation, according to several recently published articles and market studies. This dynamic now pits two types of players against each other: 'exceptional Maisons', capable of preserving rarity and vertical integration, and multi-brand groups that must redefine their strategy to regain their...

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Hermès confirms ambitious growth targets amid economic uncertainty

French luxury group Hermès reported on Wednesday a 5 percent increase in turnover to 3.9 billion euros. The company remains steadfast despite a less favourable environment for the luxury sector in recent quarters. Optimistic outlook The maker of silk scarves and the famous Kelly and Birkin bags remains optimistic about the future. It confirmed...

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Hermès appoints Grace Wales Bonner as creative director of men's ready-to-wear

Another shift in the luxury industry. British designer Grace Wales Bonner is joining Hermès, taking over the creative direction of the men's ready-to-wear division, according to a statement from the luxury fashion house. Hermès praises the designer for her “contemporary and innovative approach to menswear” which she has employed and developed...

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The quiet force: How Véronique Nichanian shaped Hermès menswear for almost four decades

In an industry that constantly reinvents itself, Véronique Nichanian has been a calming presence for decades. As the artistic director of menswear at Hermès, she shaped the French luxury fashion house's menswear for almost 40 years. She remained a constant while the fashion world around her changed at an ever-increasing pace. Now, she is...