Hermes International

Hermès International SCA engages in the provision of textiles and apparel. Its activities include manufacturing, sale, and distribution of apparel products, such as leather goods and saddler, ready-to-wear clothing, footwear, belts, gloves, hats, silk and textiles, jewelry, furniture, wallpaper, interior fabrics, tableware, perfumes and watches. The firm's geographical segments include France, Europe, Japan, Asia Pacific, Americas and Others. The company was founded by Thierry Hermès on June 1, 1938 and is headquartered in Paris, France.

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Fashion company Hermes vowed to 'vigorously defend itself' in a lawsuit filed against it in California claiming it unlawfully allows only customers with "sufficient purchase history" with the company to buy its famed Birkin handbags.

Fashion group Hermes vows to 'vigorously defend itself' against Birkin lawsuit

Hermès—the coveted Birkin and Kelly bag maker—reported a 17% jump in first-quarter sales Thursday on the back of strong leather goods sales and Chinese demand, bucking the global luxury slowdown.

Hermès Sales Surge Amid Exclusive Birkin Wave—Despite Global Luxury Slump

Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.

Hermes Posts Sales Growth Across All Markets

Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter and underlining strong demand for high end luxury.

Hermes Q1 sales jump 17% on growth across regions

Quarterly information report as at the end of March 2024 Solid sales growth in the first quarter (+17% at constant exchange rates and +13% at current exchange rates) Paris, 25 April 2024 The group's consolidated revenue amounted to €3,805 million in the first quarter of 2024, up 17% at constant exchange rates and 13% at current exchange rates, with a solid activity in all geographical areas. Axel Dumas, Executive Chairman of Hermès, said: “The solid sales growth in the first quarter 2024 reflects the loyalty of our clients worldwide, the strength of the group's artisanal model and the desirability of our creation s in a more complex environment.

Hermès International: First Quarter 2024 Revenue

Source: Andrew Burton / Getty Images News via Getty Images Forward stock splits are usually viewed as bullish market indicators.

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Buy rating recommended for Hermes International based on strong 1Q24 and FY24 performance expectations and ability to raise prices. RMS saw strong demand momentum in all regions, particularly in China, where it gained share. RMS is a resilient business with the ability to raise prices and maintain volume demand, with positive growth and margin expansion expected in the near term.

Hermes International: Q1 2024 And FY 2024 Should See Strong Sales As Well

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Hermès has been sued over claims it unlawfully allows only customers with "sufficient purchase history" with the company to buy its famous Birkin bags.

Hermès sued over claims it refused to sell shoppers Birkin bags

French luxury house Hermès faces an antitrust lawsuit in California around its Birkin handbags.

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Luxury goods stocks came under pressure on Wednesday as concerns about the Chinese market continued. Kering share price crashed by more than 10% after the company published weak financial results.

LVMH, Hermes, Prada share prices hit as Kering nosedives

Hermes (EPS: RMS) stock price is thriving, becoming one of the best-performing companies in the CAC 40 index. It has jumped by more than 35% in the past 12 months while the CAC 40 is up by less than 12%.

Here's why the Hermes stock is beating LVMH and Kering

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Luxury companies might be an unconventional investment due to their slightly different operations, especially with Hermès International (EPA: RMS), a 200-year-old family-owned business.

This luxury stock could be poised for a surge

Hermes said it is moving into 2024 with confidence after the Birkin bag maker reported a surge in fourth-quarter sales despite a slowdown in the overall luxury sector.

Hermes Weathers Sector Slowdown as Sales Surge

Hermes may be one of the biggest winners in the age of AI despite not directly using AI in its operations. Hermes is well-positioned to benefit from the megatrends that will arise as a result of AI. Hermes' high-quality business model should allow the company to maintain a tight grip on the high-end luxury market.

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Demand for the French brand's products is booming, thanks in part to an unusual strategy, as rivals struggle.

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Luxury group stocks have had a mixed performance in 2023 as concerns about the sector rose. While Hermes (RMS) stock price is hovering near its all-time high, others like LVMH, Kering, and Richemont are crawling back.

Here's why I'm buying LVMH, Hermes, Kering, Richemont stocks

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High fashion companies have high profit margins, growing revenues, and competitive advantage from successful historical brands. In this case, being European companies, it is important to consider the withholding tax. At the right price, I would buy them all, especially Hermès.

News for Hermes International Stock (HESAY)