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The Latest Breaking News from Axel Dumas

Hermès CEO says the booming Birkin resale market prevents the luxury brand from serving its 'real customers': 'It doesn't make me feel in a good mood'

The appreciating value of a Birkin bag on the secondhand market has in some cases outpaced the S&P 500 and the price of gold.

Fortune

Hermes Confirms Outlook For Rising Sales In 2025

French luxury group Hermes confirmed Wednesday its outlook for full-year sales growth as it turned rising revenue for all parts of the world in the first half despite global economic uncertainty.

International Business Times

Lululemon's lawsuit against Costco highlights the rise of fashion 'dupes'

Less expensive versions of high-end clothing and other accessories are just about everywhere these days

The Independent UK

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Hermès confirms plans to hike prices on its $10,000 bags in response to U.S. tariffs

“We’re very attached to our production where it is,” executive chair Axel Dumas previously said of Hermès’s manufacturing.

Fortune

Hermès leapfrogs LVMH to become Europe's most valuable luxury company after the Louis Vuitton owner reported downbeat results

“Some people want to do a bit like Hermès, but it doesn’t work out at the end of the day,” Hermès executive chair Axel Dumas said in February.

Fortune

Hermès is nearly 200 years old—but its relentless growth makes it ‘an old lady with startup issues,’ its artistic director says

Hermès doesn’t belong in the world of speed and mass production—but that doesn’t mean it won’t adapt as startups do.

Fortune

Hermès gives staff a near-$5,000 bonus amid luxury boost

Hermès said it would "stay the course" to attract and retain customers across the world as it announced revenues of $15.9 billion.

Fortune

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Hermès’s stunning success raises the question: What’s everyone else in luxury doing wrong?

Hermès’s executive chairman believes “it’s not the success of Hermès, but the world came to us,” he said during an earnings call.

Fortune

Hermès boss doesn’t like the company being compared to LVMH

Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success.

Fortune

Hermès may be nearly 200 years old. But astronomical growth means it’s ‘an old lady with startup issues,’ its artistic director says

Hermès doesn’t belong in the world of speed and mass production. But that doesn’t mean it won’t change how it operates over time as startups do.

Fortune

Hermès boss doesn’t like the company being compared to LVMH

Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success.

Fortune

Billionaire Hermès dynasty is so rich it can afford to make distant Gen Z relatives overnight millionaires

The stock donated to Wilfried Guerrand's offspring comes to just shy of €3.9 million ($4.3 million) in total.

Fortune

’What is the life of a woman?’: Nadège Vanhée on a decade of womenswear at Hermès

For the past ten years, Nadège Vanhée, head of womenswear at Hermès, has steered the French maison on a quietly rebellious path, exploring notions of contemplation, liberation and sensuality. Speaking to fashion features editor Jack Moss, she unpacks her evolution

Wallpaper

Hermes Celebrates Record Profit With Staff Bonuses

French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year.

International Business Times

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The Guardian - UK

Hermès reports 23% jump in sales as super-rich continue to spend big

Demand for ‘must-have’ handbags so strong firm is opening new factories to ramp up production

Evening Standard

Signs of wealthy shoppers choosing Paris over London as Hermès sales rocket in France

Sales were up in the UK, but the fastest growth was in France for the Birkin designer

Asharq Al-Awsat

Hermes Beats Forecasts on Robust Growth in China, US

Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from rising COVID infections, helping it beat sales and margin forecasts. Hermes also saw strong demand from Chinese clients across products during the…

Asharq Al-Awsat

Production Caps Curb Growth at Handbag Maker Hermes

French luxury group Hermes said sales grew by 11% in the fourth quarter of 2021, a touch below market expectations, as self-imposed production caps meant the group could not keep up with demand for its prized handbags. The slowdown in growth from previous quarters, in contrast with an acceleration at…

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