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.

Birkin bag maker Hermes posted a 22.9% rise in fourth quarter sales, lifted by brisk business in the United States, and flagged "no fundamental change" in trends in China despite COVID-19 disruptions over the period.

Hermes sales lifted by robust growth in U.S., Asia

Hermès International: 2022 Full Year Results

Kering SA

Kering and Hermes are up 17% and 23% year-to-date, partly on optimism surrounding China's economic reopening.

A luxury buying spree is sending shares of companies like Gucci owner Kering and Hermes soaring

LVMH Moet Hennessy Louis Vuitton

The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as Beijing relaxes COVID curbs after three long years.

Luxury giants bank on Chinese return as Western shoppers sober up

In connection with the liquidity contract signed between Hermès International and Exane BNP PARIBAS, outstanding means as of the trading date of December 31, 2022, amounted to:

Hermès International: Situation of the liquidity contract as of 31 december 2022

A very good sales momentum continues in the 3rd quarter.

Hermes International: Release on 3rd quarter 2022 sales

With a P/E ratio of over 40x, Hermes is highly valued even compared to other luxury peers, many of which have higher than average market multiples too. Its continued growth in Asia, despite China's slowdown and expanding margins even in an inflationary period, make it stand out among them, however.

Hermes: Bucking The Asia Weakness Trend

Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas said on Friday.

Hermes snubs luxury resale market

Sales at Birkin bag maker Hermes rose sharply in the second quarter, lifted by strong growth in Europe and the U.S., and rebounding strongly in China in June.

Hermes flags strong rebound in China as second quarter sales rise 19.5%

Hermès International: 2022 Half year Results

Hermès International: H1 2022 Financial Report

In connection with the implementation of its share buyback program, Hermès International gave in May 2020 a mandate to an investment services provider (‟ISP”).

Hermès International: Share buyback program

Is the French luxury house the ideal investment for this tough market?

3 Reasons to Buy Hermès International, and 1 to Sell

French fashion house Hermes International has persuaded a judge not to throw out its trademark lawsuit against an artist selling “MetaBirkins” non-fungible tokens (NFTs) which show the company's Birkin bags, Reuters reported Friday (May 6). U.S. District Judge Jed Rakoff rejected a request from the artist Mason Rothschild to dismiss the suit.

Hermes Trademark Lawsuit Against MetaBirkins NFT Artist Moves Forward

After generating dynamic growth in 2021 and first quarter 2022, Hermès' immediate plans include more stores, especially in the U.S., and home furnishings with the metaverse ripe for exploration.

Hermès Looks Beyond Bags To Stores, Home And The Metaverse For Growth

The French luxury giant reached €2.765 billion revenue in 2022 Q1, well above analyst expectations. This was supported by the Americas area with a 44% increase. 1% Russian exposure and no business in Ukraine.

Hermes: Long Term Growth Already Priced In

The group's consolidated revenue reached €2,765 million in the first quarter of 2022, up 33% at current exchange rates and 27% at constant exchange rates. Sales were particularly dynamic in group stores, especially in America and Europe, driven by the acceleration in all the business lines and the sustained growth in Leather Goods.

Hermes International: Release on 1st quarter 2022 sales

AVAILABILITY OF THE 2021 UNIVERSAL REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT

Hermès International: Availibility of the 2021 Universal Registration Document

Cie Financiere Richemont SA

Birkin bag maker Hermes and Cartier owner Richemont said on Friday they are temporarily closing Russian stores and pausing all commercial activities in the country, the first major global luxury firms to announce such a move.

Hermes, Richemont temporarily close Russian luxury goods stores

In accordance with the AFEP/MEDEF Corporate Governance Code updated in January 2020 (art. 26.1) HERMES INTERNATIONAL discloses information on all potential or acquired elements, of its Executive Chairmen compensation, immediately following the Board meeting having established these elements.

Hermès International: Press Release 2022 Executive Chairmen compensation

Paris-based luxury accessory producer Hermes struggled to meet customer demand during the 2021 holiday period, Reuters reported Friday (Feb. 18). For Hermes to post slower sales growth than that of its rivals during the key holiday period was unusual, according to the report.

Hermes Slumps on Handbag Supply-Demand Imbalance

French luxury goods brand Hermes said it has "no strategy" to significantly increase prices or expand production despite disappointing fourth quarter results.

Hermes CEO says 'no strategy' to increase prices despite disappointing fourth quarter

In 2021, the Group's consolidated revenue reached €8,982 million, up 42% at constant exchange rates and 41% at current exchange rates compared to 2020. Over two years, this increase was 33% at constant exchange rates, in the first as in the second half of the year. Recurring operating income was up 78% and amounted to €3,530 million (39.3% of sales). Net profit (Group share) reached €2,445 million, up 77% compared to 2020.

Hermès International: 2021 Full Year Results

When Gucci-owner Kering and Hermes report earnings this week, investors will be looking for signs that the big luxury fashion groups are confident that wealthy shoppers are willing to pay higher price tags for designer accessories.

Will Kering and Hermes follow Louis Vuitton's lead on prices?

Burberry Group PLC

The market for luxury goods has been fueled by the mushrooming of high-priced fashion, leather goods and watches, just to name a few, that are sought out by the growing affluent in the U.S., Europe and China. And while luxury stocks, like many other pockets of the retail sector, have seen some challenges due to COVID-19 headwinds, they've also shown resilience.

News for Hermes International Stock (HESAY)