MarketHermès
Company Profile

Hermès

Hermès International S.C.A., using the trade name Hermès Paris or simply Hermès, is a French luxury goods company that was founded in 1837 by Thierry Hermès in Paris, France. At that time, it specialized in the saddlery and harness making trade, producing equipment for horse riders and their horses. The company then branched out into many other trades, including leather goods, followed by silk, ready-to-wear, watchmaking, jewellery, fashion accessories and perfumery. In 2020, the beauty division added a sixteenth business line.

History
Beginnings in the 19th century Thierry Hermès was born on in Krefeld (in what is now Germany) to a French father and a German mother. He settled in 1829 in Pont-Audemer, Normandy, a town known for working hides, He designed, made and sold high-quality harnesses and other equipment for horses. He died in Neuilly-sur-Seine in 1878. (manufactured in 18K gold or stainless steel) and women's Art Déco cuff watches in 18K gold, steel, or platinum. Both models contained dials signed either "Hermès" or "Hermès Universal Genève", while the watch movements were signed "Universal Genève S.A". The Hermès/Universal partnership lasted until the 1950s. Émile-Maurice summarized the Hermès philosophy during his leadership as "leather, sport, and a tradition of refined elegance." Post-Émile-Maurice Hermès Robert Dumas took over as head of Hermès on the death of his father-in-law in 1951, while closely collaborating with his brother-in-law Jean-René Guerrand. Jean-Louis Dumas, the son of Robert Dumas-Hermès, joined the family firm in 1964. By the late 1990s, Hermès continued to diminish the number of franchised stores, buying them up and opening more company-operated boutiques. The fashion industry was caught off guard in September 1999, when Jean-Louis decided to pay FFr 150 million for a 35% stake in the Jean-Paul Gaultier fashion house. About 60 employees were affected across three stores. In 2024, Hermès' net profit reached €4.6 billion, with a 40.5% operating margin. Sales growth spanned all regions, totaling €15.2 billion. In October 2025, British designer Grace Wales Bonner was officially announced as Hermès' Creative Director of Men's Ready-to-Wear. She is set to present her first collection for the brand in January 2027. ==Sectors==
Sectors
Hermès has sixteen product divisions that encompassed leather, scarves, ties, men's wear, women's wear, perfume, watches, stationery, footwear, gloves, enamelware, decorative arts, tableware, beauty, and jewellery. The company licenses no products and keeps tight control over the design and manufacture of its vast inventory. According to Vogue: "Jane Birkin 'is satisfied by the measures taken by Hermès', according to the brand, following an investigation by the fashion house [that refuted] claims made by PETA that its famous Birkin bags were being 'constructed from the skins of factory-farmed and cruelly slaughtered crocodiles.' " File:Kelly Bag.jpg|A Kelly bag File:Hermes Ostrich Birkin Bag.jpg|Exotic leathers of the bags make them highly valuable and noticeable, e.g., ostrich leather File:Hermes Birkin.JPG|A Birkin bag While the Kelly and Birkin are two of the house's most famous bags, Hermès has a wide range of other popular handbags. One, the bolide is a dome-shaped carry-all that comes in varying sizes with a leather shoulder strap. It is widely recognized as the first handbag that was constructed with a zipper. The bolide comes in both stiff leathers, such as Epsom, and relaxed leathers, such as Clemence. Clemence leather is sometimes referred to as Bianca leather - a particular grain that originates from France. Another popular bag from the Hermès house is the Evelyne, a comparatively affordable saddle-style bag meant to be worn cross-body with a traditional fabric strap. The evelyne is available in 4 different sizes: the TPM (16 cm), PM (29 cm), GM (33 cm)and TGM (40 cm) and is generally made in relaxed leathers like clemence. The evelyne boasts a perforated "H" motif that is meant to be hidden and worn towards the body, to allow easy access to the top of the bag. Hermès operate on a wishlist system for these items around the world as they are coveted and highly sought after. In 2021, the Farm Transparency Project released video footage from three Australian crocodile farms owned by Hermès, which showed the small cages and concrete floors the animals live on and how they are slaughtered, including by stabbing and electrocution. Clothing and accessories Ready-to-wear department was born at Hermès in the 1920s-1930s, initially with sportswear, with the first menswear, a leather golf jacket, created for Duke of Windsor, Edward the VIII, in 1925. When production first began, a dedicated factory was established in Lyon, France, the same year that Hermès celebrated its 100th anniversary. Contemporary Hermès carrés measure , weigh , and are woven from the silk of 300 mulberry moth cocoons., the Galop d’Hermès (2019), designed by Ini Archibong with numerals created by type designer Vincent Sauvaire, the men's Hermès H08 line, launched in 2021. From the 2000s onwards, Hermès acquired stakes in several watchmaking companies, as in 2006 with a 25% stake in Vaucher manufacture for 25 million Swiss francs, already a supplier of movements for the Hermès house, with an investment of around sixteen million euros. In 2020, the group launched its sixteenth business, beauty, with a lipstick collection named Rouge Hermès and inspired by its carré de soie. ==Strategy and know-how==
Strategy and know-how
Hermès International's profitability is the result of a "long-term strategy aimed at enhancing the know-how and creativity of its craftsmen, while maintaining a high degree of innovation". Its vocation is to support actions in favor of artistic creation and the transmission of know-how, solidarity and the preservation of biodiversity. including La Verrière in Brussels, Belgium, Le Forum in Tokyo, Japan, and Atelier Hermès in Seoul, South Korea. The foundation also created the Émile Hermès prize in 2007, which rewards an innovative project in the field of design every two years. In 2012, the Foundation participated in the "New Settings" show for the promotion of the arts. In 2013, the Foundation supported the exhibition of works by young artists shown at the Palais de Tokyo. In January 2014, it has pledged a three-year support of the Cité internationale of Aubusson tapestry. ==Other Group brands==
Other Group brands
John Lobb John Lobb founded John Lobb Bootmaker in 1866, in London. It manufactures and markets mainly custom-made boots and dress boots for men, but also collections of ready-to-wear and leather accessories. It opened its first store in France in 1900, and Hermès bought the one in Paris in 1976. Only the London store remains to this day in the hands of the founder's family. Hermès then developed the John Lobb brand and opened stores worldwide. Today, both companies continue to uphold their tradition of custom-made shoe-making, with the original Lobb family workshop in London and the Hermès-owned workshop in Paris. Puiforcat is a goldsmith and silversmith company founded in Paris in 1820, by brothers Émile and Joseph-Marie Puiforcat and their cousin Jean-Baptiste Fuchs. Initially a simple cutlery, Puiforcat gradually transformed into a goldsmith workshop to offer table setting and lifestyle objects, in classical, Art Deco and contemporary art styles. The company came under the full control of Hermès in 1993. It has since maintained, like the rest of the group, a tradition of savoir-faire and craftsmanship for all its pieces, some of which require several hundred hours of work. Compagnie des Cristalleries de Saint-Louis Saint-Louis was founded in 1586 in Saint-Louis-lès-Bitche in Moselle and is the oldest crystallerie in Europe. At the time, it was not yet producing crystal, but glass, as crystal was not discovered in France until 1781. In 1767, it obtained the title of Verrerie Royale de Saint-Louis, by order of King Louis XV. It abandoned glass to specialize solely in crystal in 1825. Saint-Louis introduced the notion of table setting arts into everyday language. Bought out by Hermès in 1989, it has since specialized in mouth-blown and hand-cut crystal for tableware, lighting, and decoration. ==Company management==
Company management
Since it was founded in Paris in 1837 by Thierry Hermès, Hermès International has been run almost exclusively by him and his descendants. Today, Hermès is majority-owned by the family and has been headed since 2013 by Axel Dumas, a member of the sixth generation. Executive CommitteeAxel Dumas, Executive Chairman • Florian Craen, Executive Vice-President Sales and Distribution • Charlotte David, Executive Vice-President Communication • Pierre-Alexis Dumas, Artistic Executive Vice-President • Olivier Fournier, Executive Vice-President Corporate Development and Social Affairs • Wilfried Guerrand, Managing Director Métiers, Information Systems and Data • Sharon MacBeath, HGroup Director of Human Resources • Éric du Halgouët, Executive Vice-President Finance • Guillaume de Seynes, Executive Vice-President Manufacturing Division and Equity Investments • Agnès de Villers, Chairwoman and Executive Vice-President of Hermès Perfume and Beauty, Executive Vice-President of Hermès Horizon, petit h, and Internet of Things (IoT) Artistic directionPierre-Alexis Dumas, Artistic Director of Hermès • Pierre Hardy, Creative Director of Hermès shoes and jewellery • Christine Nagel, Director of Olfactory Creation for Hermès Parfums • Véronique Nichanian, Artistic Director of the men’s universe (from 2027 Grace Wales Bonner) • Nadège Vanhée, Artistic Director of women's ready-to-wear Artistic direction timeline ==Financial information==
Financial information
Hermès International is listed on Euronext Paris and is a component of the CAC 40 : Shareholder structure Hermès International is controlled, through Emile Hermès SAS, by the Hermès family group, which also holds, notably through H51 SAS, a majority stake in the company's share capital as an active partner. The Hermès family fortune was estimated in 2024 at 155 billion euros by the magazine Challenges. As of March 12, 2025: ==References==
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