Hermès
French luxury goods manufacturer
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April 2025 | Hermès announced plans to increase product prices in the United States, reporting €4.1 billion in Q1 revenue and surpassing LVMH to become the world's most valuable luxury group. |
March 12 2025 | Detailed shareholder structure of Hermès International is published, showing the Hermès family holding (H51) controls 66.72% of the company's share capital. |
2024 | The Hermès family fortune is estimated at 155 billion euros by the magazine Challenges. |
2024 | Hermès achieved a net profit of €4.6 billion with a 40.5% operating margin. Sales grew across all regions, totaling €15.2 billion. The company presented the 'Hermès in the Making' traveling exhibition across France. |
September 2024 | Hermès partners with Apple to introduce a new Titanium Edition of Apple Watch, featuring exclusive bands, colors, and digital watch faces with co-branding, sold through Apple and Hermès online and retail stores. |
2023 | Hermès announced four new production sites in France: Espagnac, Loupes, Riom, and Charleville-Mézières. |
2023 | Hermès presented 'Hermès in the Making', a traveling exhibition across France showcasing its artisanal craftsmanship. |
February 2023 | Hermès won a copyright lawsuit against artist Mason Rothschild, who was ordered to pay $133,000 in damages for infringing copyright on digital depictions of the Birkin bag as NFTs. |
2022 | In the first half of 2022, Hermès achieved a 39.7% increase in net profit to €1.64 billion, with sales growth across all regions totaling €5.475 billion and a record operating margin of 42.1%. |
2022 | Hermès released Cabriole, a children's fragrance, expanding their perfume line to include a younger demographic. |
March 2022 | Hermès suspended its activities in Russia following the start of the Russo-Ukrainian War, affecting approximately 60 employees across three stores. |
March 2022 | Hermès temporarily closed its Russian operations following the Russian invasion of Ukraine, affecting about 60 employees across three stores. |
2021 | The Farm Transparency Project released controversial video footage exposing the living conditions and slaughter methods of crocodiles at three Australian crocodile farms owned by Hermès. |
2021 | Hermès reported a net profit of €2.445 billion and €9 billion in sales, surpassing pre-pandemic figures with an operating margin of 39.3%. |
2020 | During the COVID-19 pandemic, the group experienced a 7% sales decline and 9% net income reduction. |
2020 | During the COVID-19 pandemic, Hermès experienced a 7% sales drop and 9% decline in net profit, with European activity decreasing but partially offset by increased activity in Asia. |
2019 | Hermès was ranked 33rd in the Forbes List 'World's Most Valuable Brands'. |
June 2018 | Hermès officially joined the CAC 40 with a market capitalization of 57 billion euros, a significant increase from 600 million euros when it went public in 1993. |
March 2018 | Hermès opened its largest multi-story shop to date at the Dubai Mall. |
2016 | Hermès introduced Voyage de Hermes, releasing both eau de toilette and parfum versions of the fragrance. |
December 31 2016 | By the end of December, the Hermès family collectively owns 65.1% of the share capital, with 74.8% of voting rights, while LVMH holds 20.21% of shares and 13.08% of voting rights. |
2015 | Hermès bought out Tanneries du Puy-en-Velay from shoemaker J. M. Weston. |
February 2015 | Hermès announced a 9.7 percent increase in turnover, representing more than €4 billion in sales, with growth across Asia, America, and Europe. |
2014 | The Emile Hermès Prize was awarded, with winners Johan Brunel and Samuel Misslen (Ventilated Capsule), Antoine Lesur and Marc Venot (Hut), and Paul Tubiana (Leon), chaired by Italian architect Michele De Lucchi. |
2014 | Nadège Vanhee-Cybulski succeeds Christophe Lemaire as a designer at Hermès, taking over the design responsibilities. |
January 2014 | The Foundation pledged three-year support to the Cité internationale of Aubusson tapestry. |
2013 | Axel Dumas, a 6th generation descendant of Thierry Hermès, was appointed managing director of Hermès International, replacing Patrick Thomas. |
2013 | Hermès bought out Tannerie d'Annonay from its employees. |
2013 | The Foundation supported an exhibition of works by young artists at the Palais de Tokyo. |
2012 | Hermès posted sales of 3.5 billion euros, with sales divided across five zones: 16% France, 17% America, 20% Europe (excluding France), 12% Japan, and 33% Asia (excluding Japan). |
2012 | The Foundation participated in the 'New Settings' show to promote the arts. |
2010 | The Foundation initiated the biannual Emile Hermès Prize to reward innovative design projects. |
2010 | LVMH begins accumulating shares in Hermès, acquiring a significant stake in the latter half of the year, which sparks tensions between the luxury goods conglomerate and the Hermès family. |
2010 | Jean-Louis Dumas died after a long illness. |
This contents of the box above is based on material from the Wikipedia article Hermès, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.