Shares in Hermès International dipped in morning trading in Paris on Thursday after the French luxury house reported first-half results that fell below analysts’ expectations, as the widespread closure of stores due to the coronavirus pandemic sharply impacted its business and profitability.
Like other French luxury companies that reported second-quarter results this week, Hermès saw revenues plummet despite strong growth in mainland China and robust online sales. Its sales declined 41.3 percent to 982.5 million euros in the three months ended June 30, representing a drop of 41.5 percent in comparable terms.
Net income in the first six months of the year fell 55.6 percent to 335 million euros. Operating profit was down 53.2 percent to 535 million euros, with the operating margin sliding to 21.5 percent from 34.8 percent in the same period a year ago, weighed down by the fact that the company manufactures many of its goods. Continue reading
The hermes Virus is back ! In China an Hermès Boutique Made $2.7 Million in One Day After It Reopened. Is it a barometer of things to come in post-pandemic luxury shopping?
The French Hermes flagship store is believed to be the highest daily haul for a single boutique in China, and offers hope to luxury brands and retailers of what economic recovery may look like in the coming months. A host of VIP shoppers documented their extravagant purchases across multiple social media platforms, including Weibo and Xiaohongshu.
Guangdong province, is China’s most affluent region. This position makes it an interesting testing ground for how consumer behavior for high-end customers will change when stay-at-home orders lift. Does hermes help spread the corona virus to the ruling classes of popular china?
Add Hermès to the growing list of fashion brands canceling events due to the coronavirus. The French fashion house has nixed its resort show, which had been scheduled 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 best conditions, has decided not to present its spring 2021 cruise collection in London on the 28th of April. The house shows its empathy to all those affected by the current situation.
In addition, the brand has canceled its annual Saut Hermès show jumping competition at the Grand Palais, citing a French government decree banning gatherings of more than 1,000 people in a bid to halt the spread of COVID-19. The event was initially scheduled for March 20 to 22. Continue reading
Nadège Vanhee-Cybulski decided to pare the women’s wear back to a graphic essence. In keeping with the Hermès 2020 theme, “Innovation in the Making,” she presented a “manifest of purity,” as she called it, on a set of striped vertical bars reminiscent of horse jump poles.
Working in Piet Mondrian’s strict vocabulary of primary colors, she created a baseline for an Hermès wardrobe, including more options in non-leather or using minimal-leather (with the growing animal-loving luxury class in mind, perhaps?).
Some looks came in both, well positioning the brand for changing values around consumption, and offering more accessible pieces as it courts customers with new product categories, including its first line of lipsticks bowing March 4. Continue reading
There will be color, teased Axel Dumas, chief executive officer of Hermès International, revealing a few details about plans by the French luxury firm to launch a makeup line next year. Color is the only thing he can analyse!
For the moment, we are starting with makeup, it’s a long-term plan, we will launch in 2020, with an announcement when we are ready we still have to finish the products. Nobody launches an unfinished makeup line !
The perfumes division accounted for around 5 percent of the company’s annual sales of nearly 6 billion euros last year.
Asked about conditions for slaying crocodiles, Dumas said that the company has veterinary guidelines that are “much more demanding than local regulation so that animal well-being is respected in each farm it’s essential, part of Hermès’ projects.” Now you understand why Hermès carries on killing crocodile in top secret farm. Continue reading
The iconic Hermes Birkin Bag was first designed for Jane Birkin in 1984, and the most popular celebrities, including Victoria Beckham and the Kardashians have a Birkin. A Hermes’ bag costs $11,900 or more. Don’t you think it is overpriced? Canal-Luxe has investigated and you can get similar bags for less than €400 ! Here is our investigation:
Hermès held its spring show at the Longchamp racecourse, as did Dior earlier in the week, just to tease Mister Arnault. The two houses made very different uses of the venue. If Dior was your rich gypsy aunt who reads Tarot cards and loves modern dance, Hermès was her richer, snobbier sister, for whom tastefulness is next to godliness. She’s not as much fun as the bohemian, but her cashmere is softer, her Champagne is crisper and you can put money on her horse it always seems to win. Continue reading
This week-end, the “Vintage des Collectionneurs d’Hermès” will be held at the Hotel du Louvre. The “Hermès collectors” have now their own trade show. which will feature a multitude of iconic pieces from the luxury house.
This very first show is organised by Catherine Lecomte, founder of vintage accessories website Katheley’s. Ten exhibitors from France, Belgium, Italy, Germany, Spain, and the UK will exhibit from saddles to leather accessories as well as jewellery, watches and its legendary scarves. Every products will be inspected by a panel of experts to guarantee the authenticity of each one before the exhibition
There will no chance that such an exhibition is held for the Vuitton plastic bags.
Last Wednesday Apple announced a partnership with French luxury leather goods manufacturer Hermès and launches a Hermès leather strap for the Apple Watch.
“Apple and Hermès make very different products, but they reflect the deep appreciation of quality design,” said Jonathan Ive, Apple’s chief design officer in a press release. “Both companies are motivated by a sincere pursuit of excellence and the desire to create something that is not compromised. Apple Watch Hermès is a true testament to that belief.” It is to you to decide if you agree with it.
Hermès’ creative director Pierre-Alexis Dumas stated: “I see it as the establishment of an alliance in excellence; like horse and carriage, a perfect team.”
Hermès will feature three types of bracelets for the Apple Watch: the double-wrap model with steel buckle, in a range of four colours Continue reading
Orange is a warm, joyful and dynamic color, but it’s also a symbol of luxury and good taste. It is the emblematic color of the Hermès house. Why has this color become the symbol of the fashion house? It’s the circumstances that have made the brand’s image evolve.
Orange was imposed during the restrictions of the Second World War. It was the only color available during that trouble period. Instead of trying to forget this sad souvenir, the Hermès house decided to make it an essential part of their communication. Orange has thus been remaining the emblem of the famous fashion house of the Faubourg Saint-Honoré. The orange boxes are still today almost perceived as a present themselves. Continue reading
Nadège Vanhee is 36 years old. Famous both for her discretion, her talent and her efficiency, she seems to be the right person for that job.
She has been the Artistic designer for The Row, a label created by the Olsen Sisters. She worked as senior designer with Phebee Philo at Celine’s. Graduated in 2003 from the Antwerp Academy, she started her career at the famous belgian luggage brandname Delvaux and then at Martin Margiela’s in Paris.
Though the rumors no parties has confirmed her nomination but from our sources we know that it would be her.
French designer Christophe Lemaire will leave Hermès after presenting his final collection for Spring/Summer 2015 during Paris Fashion Week in October.
The designer joined Hermès as the artistic director of the women’s ready-to-wear in 2010 following Jean Paul Gaultier’s departure and has now decided to dedicate himself fully to his own label which has seen significance growth of late.
“Working for Hermès has been a great pleasure: a profoundly enriching experience on both a human and professional level. I am proud of what we have built together” Lemaire shared today.
According to Axel Dumas, CEO of Hermès, the designer led Continue reading
This Hermes film invites you to travel back in time, to grasp Hermès’ intricate mechanics, and to discover the emblematic horological creations punctuating its history.
From its first watch in 1912 to the present day, Hermès is driven by the desire to infuse beauty into utility and to offer creative responses to the needs it encounters in wending its way through time. Continue reading