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Hermes said its sales for the fourth quarter came to 3.96 billion euros, an 18% rise at constant exchange rates, accelerating in the important end of year period, with the fastest growth in the ...
One look at Hermès’s 2024 results will make you wonder if it operates in a different sector. The Birkin maker has had a market-defying growth stream at a time when many of its luxury peers are ...
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In 2020, retail prices start at US$11,400 for a Birkin 25 bag. [9] Costs can vary widely according to the type of leather, if exotic skins are used, and if precious metals and jewels are part of the bag. A bag made of exotic skin and diamond was sold at auction by Christie's in Hong Kong for a record price of US$380,000 (HK$2.94 million) in May ...
Hermès sales compose about 30% leather goods, 15% clothes, 12% scarves, and 43% other wares. [3] The company licenses no products and keeps tight control over the design and manufacture of its vast inventory. [6] The firm is very attached to its traditional business model and rejects mass production, assembly lines, and mechanization.
Hermes considered an appeal, but this did not progress. [needs update] [13] [14] During the coronavirus pandemic, Hermes said it would pay its drivers in the United Kingdom who needed to self-isolate only £20 daily, and payment would be made only to those who normally earned less than £90 daily. As a result, almost half its workers would ...