Fashion giant Hermès defies luxury slump— and hands staff €4,000 bonus

French luxury fashion giant Hermès defied the luxury slowdown as its profits grew 28% in 2023, and promised a big reward to its staff.

Revenue came to €13.4 billion, up 21% from last year, with accessories like gloves or hats and watches like the H08 line among the best-performing products. That helped profits rise to €4.3 billion (£11.4 billion).