Turnover: 11.6 billion EUR (2022)
Country: France
Hermès International, founded in 1837, specializes in leather goods, lifestyle accessories, home furnishings, fragrances, jewelry, watches and ready-to-wear.
In 2017, Hermès generated 50% of its sales from its leather goods and saddlery products with 2.8 billion euros, far ahead of its Clothing & Accessories division (21%).
In the same year, the Group generated 35% of its sales in Asia-Pacific (excluding Japan at 13% of sales), and 14% in France.
News
Inauguration of a Hermès site in Riom, land of volcanoes 17/09/2024
- 1. Number of Hermès leather factories in France: 23.
- 2. Frequency of new leather goods factories opened by Hermès: one per year.
- 3. Length of training for a leatherworker at Hermès: 18 months for basic training, and 5 years to master the craft.
- 4. Standard capacity of Hermès leather goods factories: 300 employees, including 260 craftsmen and 40 supervisory and support staff.
- 5. Year Hermès launched its leather goods division: 1923.
- 6. Change in contribution to Hermès sales: initially 55% from silk and 9% from leather goods; today, these percentages are largely reversed.
Hermès continues to raise prices 09/02/2024
- - Hermès sales in 2023 will be 13.4 billion euros, up 16% on the previous year and 21% at constant exchange rates.
- - Net income is up 28% to 4.3 billion euros.
- - Hermès has a market value of 231 billion euros.
- - Hermès has increased its prices by 8 to 9% in 2023.
- - 22,000 Hermès employees worldwide.
- - More than 60% of new jobs created in France, where Hermès manufactures three quarters of its products.
Hermès, champion of luxury growth 29/07/2023
Hermès sales growth: 25% in the first half.
Planned openings: four new leather goods stores by 2027.
Luxury: Hermès, the quiet force of luxury gallops on 28/07/2023
- Hermès sales reached over 6.6 billion euros in the first six months of the year. Sales were up 25%.
- Sales in Asia were up 28%.
- Sales in the United States rose by 20%, in Europe by 22% and in France by 24%.
- Continued rapid growth in Hermès sales, with a particularly strong performance in Asia and in the leather goods market.
Hermès to create a third leather goods factory in the Ardennes, creating 280 jobs by 2027 28/04/2023
- Hermès will build a new leather goods factory in Charleville-Mézières, to be operational in 2027.
- 260 craftsmen will exercise their skills in these future workshops.
- The Pôle des maroquineries des Ardennes will employ over 800 craftsmen by 2027.
- The new Charleville-Mézières leatherworks will be Hermès Maroquinerie Sellerie's twenty-sixth production site in France.
Hermès prepares to open its 23rd leather goods factory near Angoulême 10/02/2023
- Hermès recruits and trains in leaps and bounds
- nine openings since 2010,
- three new openings planned for 2023
Hermès is benefiting from inflation. 29/07/2022
- The group faces falling sales in China
- Group posts net profit of 1.64 billion euros
- Flagship store to open in September in New York
- Investments to rise to 550 million euros
- Jewelry and watch prices rise
- French saddlery sales up 29% to 5.4 billion euros
- The company plans to open 5 additional workshops within five years
Hermès starts 2022 in a good position. 14/04/2022
- In the first quarter of 2022, Hermès posted sales growth of 33% to 2.76 billion euros
- U.S. market up 44
- Euro zone sales up 44%, Japan up 17
- In China, the luxury house has 26 stores, and the 3 in Shanghai are closed due to sanitary measures
Hermès sees first-half results soar 30/07/2021
- Sales 4,235 billion euros by January-June 2022
- Operating income recurring 1.722 billion euros
- Sales up 77% compared with 2nd quarter 2020
- Sales up 44% on 1st quarter 2022
Creation of a new plant for Hermès in Auvergne (250 new jobs) 16/09/2020
- Creation of 250 jobs Hermès has another site in Sayat (Clermont-Ferrand)
- The new building will be operational by 2023
- Since 2010, Hermès has opened nine plants, creating 2,500 new jobs.
- Hermès employs 3,800 saddlery and leather goods makers in France.
- Hermès Maroquinerie Sellerie has 22 production sites
For fiscal 2018, Hermès International reported net income up 11% on 2017, as well as sales up 10.4% (at constant exchange rates, up 7.5% at current exchange rates).
Financial Data
DUNS: 696520410
Legal Name: HERMES SELLIER
Address: 24 RUE DU FAUBOURG SAINT HONORE , 75008 PARIS 8
Number of employees: Entre 2 000 et 4 999 salariés (2019)
Capital: 4 976 000 EUR
Financial Data:
Year | Turnover (€) | Net Profit (€) | Fiscal Year End | Fiscal Year Duration |
---|---|---|---|---|
2021 | 4 172 341 175 EUR | 836 172 331 EUR | 31/12/2021 | 12 |
2020 | 3 207 818 539 EUR | 481 233 770 EUR | 31/12/2020 | 12 |
2019 | 3 340 277 116 EUR | 792 080 516 EUR | 31/12/2019 | 12 |
2018 | 2 911 780 596 EUR | 463 564 696 EUR | 31/12/2018 | 12 |
2017 | 2 604 004 200 EUR | 388 361 290 EUR | 31/12/2017 | 12 |
2016 | 2 367 983 694 EUR | 390 757 541 EUR | 31/12/2016 | 12 |
Company Managers:
Position | First Name | Last Name | Age | |
---|---|---|---|---|
Gérant | Axel Olivier | Dumas | 54 |
Studies mentioning this company
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