Hermès’ market value surpasses LVMH, which once tried to acquire it

By Bloomberg Published April 15, 2025 Hermès‘market capitalization surpassed that of rival LVMH, the conglomerate that once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès overtakes LVMH in value—years after fending off takeover attempt. – Reuters Hermès International SCA’s […]

Read More
by Admin

Hermès taps BNP Paribas CEO, former spy for luxury group’s board

By Bloomberg Published March 25, 2025 Hermès International SCA is set to appoint BNP Paribas SA CEO Jean-Laurent Bonnafé and a former French spy-agency chief to the luxury group’s board. See catwalkHermes – Fall-Winter2025 – 2026 – Womenswear – France – Paris – ©Launchmetrics/spotlight The family-controlled company known for its Birkin bags named Bonnafé, the […]

Read More
by Admin

Hermès booms globally, reports “outstanding sales” for 2023 and Q4

Ultra-luxury specialist Hermès was upbeat on Friday as it released what it said were “outstanding sales and results” for 2023 as a whole and for the fourth quarter. See catwalkHermès – Fall-Winter2023 – 2024 – Womenswear – Paris – © ImaxTree The company reported revenue up 16% to €13.4 billion for the year and up […]

Read More
by Admin

Hermes celebrates record profit with staff bonuses

By AFP Published Feb 9, 2024 French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The group reported a […]

Read More
by Admin

You May Missed