The French luxury firm posted revenues of 2.37 billion euros in the three months to Sept. 30, up 40.3 percent at constant exchange rates compared with 2019, considered a more reliable benchmark due to the disruption caused by the coronavirus pandemic last year, This represented an increase of 31.2 percent versus 2020.
But operating profit margin should be much lower than the 40.7 percent recorded in the first six months of the year, due to foreign exchange headwinds, higher employee costs and a lower contribution from leather goods.
The key leather goods and saddlery division saw organic sales rise 22.2 percent during the period, driven by sustained demand and significant deliveries during the quarter. Hermès opened a new leather goods workshop near Bordeaux in September, and several other production sites are in the works.
In the last month alone, it has reopened its store at the Istinye Park mall in Istanbul, and unveiled new boutiques at the Aventura Mall in Florida and in Shenzhen, China. In the long term, will Hermès Continue reading
The figures add to evidence the luxury sector is on the upswing, Hermès reported that first-quarter revenue jumped 44 percent, at constant rates, beating expectations and fueling optimism for leaders in the sector.
This is a confirmation of a buoyant luxury goods demand environment worldwide, following recent reports from luxury peers LVMH Moët Hennessy Louis Vuitton and Kering, as well as an uptick in exports of Swiss watches in March.
Asia was feeling the full brunt of the coronavirus crisis this season last year. But even as the second and third quarters bring tougher comparisons in Asia, they will become less challenging in Europe and the Americas where business declined at a later stage last year. Continue reading
Hermès has issued exclusive handbags in aquatic colors, typa Tiffany to mark the renovation of its Rue de Sèvres store, located in a former swimming pool, welcome for breakfast at Sèvrephany.
Three soaring huts made from curved slats of ash wood, set up in the center of what used to be a swimming pool. Hermés dives in the market. The only apparent change is a new nautical-themed fresco, which wraps all the way around over two floors, complementing the listed building’s Art Deco mosaics and ironwork balconies.
14,000-square-foot store, opened in 2010, has been reorganized from top to bottom to house the brand’s evolving product lines, including its recently launched color cosmetics collection. Silk scarves and ties have been given pride of place in the entrance, and space for ready-to-wear and jewelry has been upped. Continue reading
Are there more fake than real Birkin bags on the market? Twenty-three people were charged, including nine former Hermès employees, the news agency reported. A 41-year-old man was sentenced, in absentia, to six years in prison and fined 1.5 million euros; a warrant has been issued for his arrest. The individual was accused of being the mastermind of the network, which included a workshop in Hong Kong.
Some 400 handbags were made in clandestine workshops in France and Hong Kong, while 800 came from the house’s employee program, which allows workers to make their own handbags.
Hundreds of copied Birkin bags, supplied by the international network, were sold in France. Another individual, age 66, was judged to be the main supplier and sentenced to four years in prison and fined 400,000 euros. Continue reading
Yesterday, Nadège Vanhee-Cybulski presented a sensory collection, which spoke of a rediscovered sensuality, of fragility as strength. Purism in the lines, which this season marries the body like a second skin, with indented bodysuits that reveal the hips and the curves of the back. Continue reading
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.