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Business

Hermès H1 turnover hit by store closures due to pandemic

The Hermès group’s consolidated revenue in the first half of 2020 amounted to 2,488 million euros (2,926.5 million dollars), down 24 percent at current exchange and 25 percent at constant exchange rates. The company said in a statement that sales in the second quarter were down 41 percent at current exchange and 42 percent at constant exchange...

30 Jul 2020

People

Hermès director of women's product universe exits after 17 years

Hermès’ artistic director of its women’s product universe is to leave the company after 17 years. Bali Barret, who joined the French luxury house in 2003 as artistic director of its silk department, has tendered her resignation and will leave the company in the next quarter. Dubbed by Elle as Hermès’ secret weapon, Barrett’s first project was to...

24 Jul 2020

Business

Delivery giant Hermes to create 10,500 new UK jobs as online shopping booms

Delivery giant Hermes is creating 10,500 new jobs in the UK and investing 100 million pounds to expand its capacity to meet huge demand as online shopping booms. The company is looking for 9,000 self-employed couriers and 1,500 full-time staff, some of which will work at the company’s head office in Yorkshire. Recruitment for the positions has...

21 Jul 2020

Fashion

Hermès sets the bar high for digital men's fashion week

Seven minutes of fashion film can be either gripping or tediously dim. As digital couture week confirmed, translating the craft of haute fashion to the medium of a short video is a whole other ballgame, one which does not necessarily do justice to a ballgown. Many houses failed to impress an audience used to seeing shows live, where garments on...

10 Jul 2020

Video

Video: Hermès SS21 menswear collection

Hermès menswear Spring/Summer 2021 collection presented July 5th, the weekend ahead of the official Paris fashion week men's is scheduled to begin. The video presented the collection designed by Véronique Nichanian in a live performance which showed the process of models being styled with pieces from the SS21 line. Source: Hermès, via YouTube

7 Jul 2020

Fashion

Paris fashion week's digital debut begins

The first-ever online Paris fashion week clicks off Monday with the world of glitzy runway shows thrown into an existential crisis by the coronavirus. Paris haute couture and men's fashion weeks have been rolled into one, with labels making films to showcase their clothes instead of staging sometimes extravagant shows. The virus has not just...

6 Jul 2020

Business

Former Hermes employees sued over counterfeit bags

Paris prosecutors sought prison terms Friday for the leaders of a ring accused of making and selling fake handbags from iconic French luxury house Hermes, including some former employees. The network, which targeted Asian tourists in Paris but also clients in Hong Kong in 2013 and 2014, was uncovered when French police wiretapped the home of a...

26 Jun 2020

Retail

Stores on London’s Sloane Street reopen their doors

Following the UK government’s decision to ease Covid-19 lockdown measures, luxury fashion boutiques on London’s Sloane Street were able to join the list of non-essential businesses that reopened this week. Brands such as Hermès, Balenciaga, Louis Vuitton and Fendi have worked with property manager and landlord Cadogan to equip stores with safety...

16 Jun 2020

Business

Hermès Q1 sales hit by store closures across geographies

The Hermès Group’s consolidated revenue amounted to 1,506 million euros (1,625.6 million dollars) in the first quarter 2020, down by 6.5 percent at current exchanges rates and 7.7 percent at constant exchange rates. In the first quarter 2020, the company said, all the geographical areas were impacted by the health crisis and store closures. The...

23 Apr 2020

Retail

Hermès Guangzhou flagship takes in 2.7 million dollars in one Saturday

In a sign that China's economy is quickly rebounding from the coronavirus crisis, Hermès' Guangzhou flagship, the second largest store in China, took in 2.7 million dollars in one Saturday. The news was reported by WWD. Saturday marked the reopening day of the flagship store after it had been on lockdown with most retail stores in China for...

13 Apr 2020

Business

Fashion companies’ reputations helped or hurt by reaction to crisis

All businesses are being hit hard by the pandemic, but not all businesses are responding to its consequences in the same way. Faced with collapsing sales and massive closures of outlets, large recipient companies are taking two courses of action. Those that decide to participate actively in the collective effort by not taking advantage of the...

6 Apr 2020

Fashion

Hermès cancels London resort show

Hermès has joined the growing ranks of brands that are cancelling events due to the coronavirus outbreak. The French luxury label has canceled its resort show that was set to take place in London on April 28. “Due to the exceptional health situation, Hermès, concerned with protecting all of its teams and partners and welcoming its guests in the...

11 Mar 2020