Hermes

Birkin bag maker Hermes hit as war deters shoppers from Dubai to Paris

[PARIS] French luxury group Hermes reported weaker than expected first-quarter sales on Wednesday (Apr 15) as the Iran war hit spending in the Middle East as well as in Europe, with fewer tourists vis...

Hermes has proven more resilient than its peers, thanks in part to its craftsmanship model, which prioritises handmade rather than industrialised production.

Hermes sticks with plan to raise output even as war sours mood

The company’s leather-goods plants are all in France and typically employ about 260 artisans

The plaintiffs said the alleged “tying” arrangement, where the sale of a Birkin handbag is contingent on shoppers purchasing other Hermes items, violates federal antitrust law.

Hermes buyers ask US appeals court to reinstate Birkin handbag class action

The plaintiffs’ lawyer said that Hermes’ sales practices amount to “quintessential anticompetitive conduct”

Hermes’ full-year operating profit came in at 6.6 billion euros , reflecting a 41% profit margin.

Hermes reports 9.8% revenue growth in fourth quarter, beating expectations

In the Americas region, mainly the US, sales have risen by 12.1%

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Regular Birkin bags sell for more than US$10,000.

Original Birkin bag sells at auction for record 8.6 million euros

The first one, which has Birkin’s JB initials on the flap and, unlike its descendants, has a strap that cannot be removed, was bought by a private Japanese buyer over the phone, Sotheby’s says

A Birkin handbag on display at a Hermes boutique. Hermes reported 14.7 per cent global sales growth, though its Asia-Pacific growth slowed to 7 per cent from 19 per cent a year earlier.

Luxury brands cut price of exclusivity as Chinese spending drops

Premium-goods consumers – typically professionals in urban centres or younger generations in rising cities – are tightening their belts

Hermes will fully offset the new duties by increasing its US selling prices from May 1.

Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows

The company is keeping a tight grip on output levels with production increases of 6 to 7% each year