Hermès news and archive

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...

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...

Hermès: Véronique Nichanian to step down as artistic director of menswear after 37 years

After 37 years, Véronique Nichanian is reportedly stepping down from her role as artistic director of menswear at Hermès. The designer announced her departure in an interview with the French daily newspaper Le Figaro, where she also stated that it would be good for someone else to take over. The French luxury group confirmed the information to...

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New Hermès workshop in France to produce Kelly and Birkin bags

Paris - Luxury group Hermès inaugurated its 24th leather goods workshop in France on Friday, located in Isle-d'Espagnac, Charente. The site will eventually employ 260 artisans, according to a statement. Hermès has seen continuous sales growth. Its turnover increased by more than 7 percent in the first half of 2025, reaching 8 billion euros. “...

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....

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...

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...

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...