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?
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.
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.
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!
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. 
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.
Last Wednesday Apple announced a partnership with French luxury leather goods manufacturer Hermès and launches a Hermès leather strap for the Apple Watch.
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.
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.
French designer Christophe Lemaire will leave Hermès after presenting his final collection for Spring/Summer 2015 during Paris Fashion Week in October.
