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Hermès

Hermès International S.A., or simply Hermès (/ɛərˈmɛz/ (listen) air-MEZ, French: [ɛʁmɛs] (listen)), is a French luxury design house established in 1837. It specializes in leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches and ready-to-wear. Its logo, since the 1950s, is of a Duke carriage with horse.

Hermès International S.A.
Hermès flagship, 24 Rue du Faubourg-Saint-Honoré, Paris
TypePublic (Société Anonyme)
Euronext: RMS
CAC 40 Component
IndustryLuxury goods
Founded1837; 186 years ago (1837) in Paris
FounderThierry Hermès
Headquarters24 Rue du Faubourg Saint-Honoré – 75008 Paris, France
48°52′08″N 02°19′18″E / 48.86889°N 2.32167°E / 48.86889; 2.32167Coordinates: 48°52′08″N 02°19′18″E / 48.86889°N 2.32167°E / 48.86889; 2.32167
Key people
Axel Dumas (Executive Chairman), Henri-Louis Bauer (Executive Manager and Chairman, Emile Hermès SARL), Éric de Seynes (Chairman, Supervisory Board), Pierre-Alexis Dumas (Artistic Executive Vice President)
ProductsClothing and accessories
Revenue €8.982 billion[1] (2021)
€3.530 billion (2021)
€2.445 billion (2021)
Total assets €13.847 billion (2021)
Total equity €9.412 billion (2021)
OwnersHermès family and others
(see shareholder structure)
Number of employees
17,595 (2021)
Websitehermes.com

History

Beginnings in the 19th century

 
Thierry Hermès, founder of Hermès

Thierry Hermès was born in Krefeld, Germany, to a French father and a German mother. The family moved to France in 1828.[2] In 1837, Hermès first established a harness workshop in the Grands Boulevards quarter of Paris, dedicated to serving European noblemen.[3][4] He created high-quality wrought harnesses and bridles for the carriage trade,[5] winning several awards including the first prize in its class in 1855 and again in 1867 at the Expositions Universelles in Paris.[5][6]

Hermès's son, Charles-Émile,[2] took over management from his father in 1880 and moved the shop to 24 rue du Faubourg Saint-Honoré, where it remains. With the help of his sons Adolphe and Émile-Maurice, Charles-Émile introduced saddlery and started selling his products retail.[5] The company catered to the élite of Europe, North Africa, Russia, Asia, and the Americas. In 1900, the firm offered the Haut à Courroies bag, specially designed for riders to carry their saddles with them.

Hermès Frères era

After Charles-Émile Hermès's retirement, sons Adolphe and Émile-Maurice took leadership and renamed the company Hermès Frères. Shortly after, Émile-Maurice began furnishing the tsar of Russia with saddles.[2] By 1914, up to 80 saddle craftsmen were employed. Subsequently, Émile-Maurice was granted the exclusive rights to use the zipper for leather goods and clothing, becoming the first to introduce the device in France.[3] In 1918, Hermès introduced the first leather golf jacket with a zipper, made for Edward, Prince of Wales.[6] Because of its exclusive rights arrangement the zipper became known in France as the fermeture Hermès (Hermès fastener).[5]

Throughout the 1920s when he was the sole head of the firm, Émile-Maurice added accessories and clothing collections.[3][4][7] He also groomed his three sons-in-law (Robert Dumas, Jean-René Guerrand, and Francis Puech) as business partners. In 1922, the first leather handbags were introduced after Émile-Maurice's wife complained of not being able to find one to her liking. Émile-Maurice created the handbag collection himself.[2]

 
Hermès Frères advertisement, 1923

In 1924, Hermès established a presence in the United States and opened two shops outside of Paris. In 1929, the first women's couture apparel collection was previewed in Paris.[2] During the 1930s, Hermès introduced some of its most recognized original goods[3] such as the leather "Sac à dépêches" in 1935 (later renamed the "Kelly bag" after Grace Kelly) and the Hermès carrés (square scarves) in 1937.[3]

The scarves became integrated into French culture.[4] In 1938, the "Chaîne d'ancre" bracelet and the riding jacket and outfit joined the classic collection. By this point, the company's designers began to draw inspirations from paintings, books, and objets d'art.[3] The 1930s also witnessed Hermès's entry into the United States market by offering products in a Neiman Marcus department store in New York; however, it later withdrew.[4] In 1949, the same year as the launch of the Hermès silk tie, the first perfume, "Eau d'Hermès", was produced.

From the mid-1930s, Hermès employed Swiss watchmaker Universal Genève as the brand's first and exclusive designer of timepieces, producing a line of men's wrist chronographs[8] (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.[9]

Émile-Maurice summarized the Hermès philosophy during his leadership as "leather, sport, and a tradition of refined elegance."[5]

Post-Émile-Maurice Hermès

Robert Dumas-Hermès (1898–1978), who succeeded Émile-Maurice after his death in 1951, closely collaborated with brother-in-law Jean-René Guerrand.[3] Dumas became the first man not directly descended from Hermès père to lead the company because his connection to the family was only through marriage. Thus, he incorporated the Hermès name into his own, Dumas-Hermès.

The company also acquired its Duc-carriage-with-horse logo and signature orange paper boxes in the early 1950s.[3] Dumas introduced original handbags, jewelry, and accessories and was particularly interested in design possibilities with the silk scarves.[3] During the mid-20th century, scarf production diminished.[4] World Tempus, a Web portal dedicated to watchmaking, states: "Brought to life by the magic wand of Annie Beaumel, the windows of the store on the [rue du] Faubourg Saint-Honoré became a theatre of enchantment and [established the store as] a Parisian meeting-place for international celebrities."[3] In 1956, Life magazine featured a photograph of Grace Kelly, who had become the new Princess of Monaco, carrying the "Sac à dépêches" bag. Purportedly, she held it in front of herself to disguise her pregnancy. Thus, when the public began calling it the "Kelly" bag, a name subsequently adopted by Hermès, it became hugely popular.

The perfume business became a subsidiary in 1961, concurrently with the introduction of the "Calèche" scent, named after a hooded four-wheeled horse carriage, known since the 18th century, and is also the company's logo since the 1950s. In 2004, Jean-Claude Ellena became the in-house perfumer or "nose" and has created several successful scents, including the Hermessence line of fragrances.[2]

Decline and revamp

 
Hermes store at Avenue George V in Paris 8th arrondissement, France

Despite apparent success in the 1970s, exemplified by multiple shops having been established worldwide, Hermès declined relative to its competitors. Industry observers attributed this decline to Hermès' insistence on exclusively using natural materials for its products, a differentiation from competitors that were using new, synthetic materials.[4] A two-week lapse in orders exemplified this shift: the Hermès workrooms were silent.[4] A market shift from artificial ingredients back to natural materials renewed demand for Hermès' fragrances and improved the company’s prospects, contributing to the re-establishment of Hermès as a major player in the fragrance industry.

Jean-Louis Dumas, the son of Robert Dumas-Hermès, traveled extensively,[2] studying in the buyer-training program at Bloomingdale's, the New York department store, and joined the family firm in 1964. He became chairman of Hermès in 1978 and concentrated the firm on silk, leather goods, and ready-to-wear, augmenting traditional techniques with new product lines. This transition was instrumental in turning around Hermès’ decline.[4]

Dumas brought in designers Eric Bergère and Bernard Sanz to revamp the apparel collection and, in collaboration, added unusual entries. They included the python motorcycle jackets and ostrich-skin jeans, which were dubbed as "a snazzier version of what Hermès has been all along." (Annual sales in 1978, when Jean-Louis became head of the firm, were reported at US$50 million.[4] By 1990, annual sales were reported at US$460 million, mainly due to Dumas's strategy.) In 1979, he launched an advertising campaign featuring a young, denim-clad woman wearing an Hermès scarf. The purpose was to introduce the Hermès brand to a new set of consumers. As one fashion-sector observer noted: "Much of what bears the still-discreet Hermès label changed from the object of an old person's nostalgia to the subject of young peoples' dreams."[4] However, Dumas's change-of-image created outrage both within and outside of the firm.

Also in the 1970s, the watch subsidiary, La Montre Hermès, was established in Bienne, Switzerland. Then, throughout the 1980s, Dumas strengthened the company's hold on its suppliers,[4] resulting in Hermès's gaining great stakes in prominent French glassware, silverware acquiring venerable tableware manufacturers such as Puiforcat, St. Louis, and Périgord.[4]

Growth

 
Hermès flagship store in Prince's Building, Hong Kong

From the 1980s, tableware became a strong segment of the firm.[4] And, overall, the collection of Hermès goods expanded in 1990 to include over 30,000 pieces. New materials used in the collection included porcelain and crystal.[5]

Hermès relocated its workshops and design studios to Pantin, just outside Paris.[3] By June 1993, Hermès had gone public on the Paris Bourse (stock exchange). At the time, the equity sale generated great excitement. The 425,000 shares floated at FFr 300 (US$55 at the time) were oversubscribed by 34 times.[4] Dumas told Forbes magazine that the equity sale would help lessen family tensions by allowing some members to liquidate their holdings without "squabbling over share valuations among themselves."[4]

To this time, the Hermès family was still retaining a strong hold of about 80% in stocks, placing Jean-Louis Dumas and the entire family on the Forbes list of billionaires.[4] Mimi Tompkins of U.S. News & World Report called the company "one of Paris' best guarded jewels."

In the following years, Dumas decreased Hermès franchises from 250 to 200 and increased company-owned stores from 60 to 100 to better control sales of its products.[4] The plan was to cost about FFr 200 million in the short term but to increase profits in the long term. Having around FFr 500 million to invest, Hermès pressed ahead, targeting China for company-operated boutiques, finally opening a store in Beijing in 1996.

In 1997, Jean-Louis hired iconoclastic Belgian designer Martin Margiela to supervise women's ready-to-wear.

By the late 1990s, Hermès continued extensively 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.[4] In the latter part of the 1900s, the company encouraged its clientele to faites nous rêver (make us dream), producing throughout the period artistically atypical orders.

The 2000s to today

 
Hermès, Madrid, Spain (2016)

In 2003, Martin Margiela left Hermès, and hired Jean Paul Gaultier as the head designer, debuted his first ready-to-wear collection for fall/winter 2004–05.[2][10]

After 28 years as head of the firm, Jean-Louis Dumas retired in January 2006. Known for his charm and one of Europe's greatest authorities on luxury, he died in 2010 after a long illness.[2] Patrick Thomas, who had joined the company in 1989 and who had worked with Jean-Louis as the co-CEO from 2005, replaced him. Thomas became the first non-Hermès family member to head the company.

In February 2015, Hermès has announced an increase of its turnover of 9.7%, which represents more than €4 billion in sales.[11]

This increase is internationally visible. In Asia, excluding Japan, where the turnover grew 7%, in America, with 10% rise, in Europe where it grew 7% growth and generated a good performance in the group's stores.[12]

In March 2018, Hermès opened a multi-story shop at the Dubai Mall, their largest to date.[13]

In 2019, the brand was ranked 33rd in the Forbes List "World's Most Valuable Brands".[14]

The 2021 review of WIPO's annual World Intellectual Property Indicators ranked Hermès 7th in the world for the 68 industrial design registrations that were published under the Hague System during 2020.[15] This position is significantly up on their previous 15th place ranking for their 27 industrial design registrations published in 2019.[16]

Designers

The designers throughout the company's history have included Lola Prusac, Jacques Delahaye, Catherine de Karolyi, Monsieur Levaillant, Nicole de Vesian, Eric Bergère, Claude Brouet, Tan Giudicelli, Marc Audibet, Mariot Chane, Bernard Sanz, Martin Margiela, Jean-Paul Gaultier, Christophe Lemaire, Véronique Nichanian (the men's-wear designer since 1988), and Nadège Vanhee-Cybulski (since 2014 succeeding Lemaire).[2]

Goods and products

 
An Hermès soap bar bearing the logo

Known for luxury goods, by 2008, Hermès had 14 product divisions that encompassed leather, scarves, ties, men's and women's wear, perfume, watches, stationery, footwear, gloves, enamelware, decorative arts, tableware, and jewellery.[3]

Hermès sales compose about 30% leather goods, 15% clothes, 12% scarves, and 43% other wares.[2] The company licenses no products and keeps tight control over the design and manufacture of its vast inventory.[5]

The firm is very attached to its traditional business model and rejects mass production, assembly lines, and mechanization. Hermès's goods are almost entirely made in France by hand in middle-sized workshops known as Les Ateliers Hermès that emphasise high-quality manufacturing. Indeed, Hermès claims most items are fabricated from beginning to end by only one person, which is supposed to guarantee the quality and uniqueness of its products.

In 2012, Hermès retail outlets changed their policy regarding returns and exchanges of products. Consumers may only exchange items within ten days of purchase and only for another color variant of the original purchase. No other post-purchase exchanges are permitted, and refunds are never offered, regardless of the consumer's having a receipt.

Scarves

The scarf or carré (square) was introduced in 1937.[4] The first example was a 70 cm x 70 cm print of white-wigged females playing a popular period game, a custom-made accessory named "Jeu des Omnibus et Dames Blanches."[4] Hermès oversaw the production of its scarves throughout the entire process, purchasing raw Chinese silk, spinning it into yarn, and weaving it into fabric twice as strong and heavy as most scarves available at the time.[4]

The company's scarf designers spend years creating new print patterns that are individually screen-printed.[4] Designers can choose from over 70,000 different colors.[17] 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 90 cm × 90 cm, weigh 65 grams and are woven from the silk of 250 mulberry moth cocoons.[17] All hems are hand-stitched. Motifs are wide-ranging, Two silk-scarf collections per year are released, along with some reprints of older designs and limited editions. And two collections per year are introduced in a Cashmere/silk blend. Since 1937, Hermès has produced over 2,000 unique designs; the horse motif is particularly famous and popular.[17] The ubiquitous "Brides de Gala" version, introduced in 1957, has been produced more than 70,000 times. An Hermès scarf is sold somewhere in the world every 25 seconds; by the late 1970s, more than 1.1 million scarves had been sold worldwide.[5]

Neckties

 
Hermès silk ties

In 1946, the brand introduced a range of men's silk neckties in an array of motifs and widths. Neckties account for 10% of the company's annual sales.[18]

Partnership with the Tuareg

For years, Hermès has partnered with Tuareg tribesmen for silver jewelry. The Saharan nomads' traditional motifs are often mirrored in various Hermès products, including scarves.[19]

Leather Goods

Hermès is known for its handmade luggage and handbags. One of them might require 18 to 24 hours to produce. The construction of each Kelly bag, for example, requires 18 hours to fully realize.[4] Hermès's leathers come from all over the world. Customers may currently wait from six months to one year for delivery of one of the house's signature bags. Incidentally, should Hermès's leather goods require repair, owners can bring an item to any Hermès store, where it will be shipped to Les Ateliers Hermès in Pantin for repair or reconditioning.[citation needed]

Another famous Hermès handbag, the "Birkin bag", was named after British actress Jane Birkin. In a chance encounter with Jean-Louis Dumas, she complained that her bag was not practical for everyday use. Consequently, he invited her to France where they co-designed the bag in 1984. Birkin has since stopped carrying her namesake bag due to her tendonitis, as the bag became too large and heavy for her to carry.[20] Asked by her that her name be removed and with much back-and-forth comments about various issues such as having her name removed. 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.' "[21]

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.[22]

Perfumery

Since 1951, the company has created a number of scents for both men and women, as well as unisex lines.[23] The Hermès line of perfumes includes classic perfumes such as Calèche introduced in 1961 and more recent creations including Terre d'Hermès. The main creator/nose of Hermès perfumes is Jean-Claude Ellena[24]

Feminine fragrances

  • Calèche, 1961
  • Amazone, 1974 (updated 2017)
  • Parfum d'Hermès, 1984
  • 24 Faubourg, 1995
  • Hiris, 1999
  • Rouge Hermès, 2000
  • Eau des Merveilles, 2004
  • Kelly Calèche, 2007
  • Jour d'Hermès, 2013
  • Jour d'Hermès Gardenia, 2015
  • Galop d'Hermès, 2016
  • Twilly d'Hermès, 2017
  • Twilly d'Hermès Eau Poivrée, 2019

Masculine fragrances

  • Équipage, 1970
  • Bel Ami, 1986
  • Rocabar, 1998
  • Concentré d'Orange Verte, 2004
  • Terre d'Hermès, 2006
  • Bel Ami Vetiver, 2013
  • Equipage Geranium, 2015
  • H24, 2021

The Garden Collection

  • Un Jardin en Méditerranée, 2003
  • Un Jardin sur le Nil, 2005
  • Un Jardin après la Mousson, 2008
  • Un Jardin sur le Toit, 2011
  • Le Jardin de Monsieur Li, 2015
  • Un Jardin sur La Lagune, 2019

Colognes

  • Eau de Cologne d'Hermès, 1978 (re-released as Eau d'Orange Verte, 1997)
  • Eau de Gentiane Blanche, 2009
  • Eau de Pamplemousse Rose, 2009
  • Eau de Narcisse Bleu, 2013
  • Eau de Mandarine Ambrée, 2013
  • Eau de Rhubarbe Écarlate, 2016
  • Eau de Neroli Doré, 2016
  • Eau de Citron Noir, 2018
  • Eau de Basilic Pourpre, 2022

Unisex

  • Eau de Hermes, 1951
  • Voyage de Hermes, 2016 (eau de toilette and parfum)

Hermessence scents exclusive to Hermès boutiques

  • Rose Ikebana, 2004
  • Vétiver Tonka, 2004
  • Poivre Samarcande, 2004
  • Ambre Narguilé, 2004
  • Osmanthe Yunnan, 2005
  • Paprika Brazil, 2006
  • Brin de Réglisse, 2007
  • Vanille Galante, 2009
  • Iris Ukiyoé, 2010
  • Santal Massoïa, 2011
  • Épice Marine, 2013
  • Cuir d'Ange, 2014
  • Muguet Porcelaine, 2016
  • Agar Ébene, 2018
  • Cèdre Sambac, 2018
  • Myrrhe Églantine, 2018
  • Essences: Musc Pallida and Cardamusc, 2018
  • Violette Volynka, 2022

Crystal lighting and glass

Belonging to the group is the crystal glass manufacturer Saint-Louis, the oldest crystal company in the world. Since its founding in 1586, Saint-Louis has drawn design inspiration from the decorative periods of the 19th and 20th centuries, from the Restoration to Modern styles, through Napoléon III, Art Nouveau and Art Déco. Saint-Louis became one of the Hermès Group Métiers in 1989.[25]

The Hermès Foundation

The Hermès Foundation was launched in 2008. It is chaired by Pierre-Alexis Dumas, the artistic director of Hermès, and directed by Catherine Tsekenis.[26][27]

The Foundation embodies the group's goal to sponsor and support creation and craftsmanship activities.[28]

In 2010, it launched the biannual Emile Hermès Prize that rewards an innovative project in the field of design. In 2014, the three winners who shared the first prize, chaired by Italian architect Michele De Lucchi, were Johan Brunel and Samuel Misslen for their "Ventilated Capsule," Antoine Lesur and Marc Venot for "Hut," and Paul Tubiana for "Leon."[29] In 2012, the Foundation participated in the "New Settings" show for the promotion of the arts.[30] In 2013, the Foundation supported the exhibition of works by young artists shown at the Palais de Tokyo.[31] In January 2014, it has pledged a three-year support of the Cité internationale of Aubusson tapestry.[32]

The Foundation operates several contemporary art spaces,[33] including La Verrière in Brussels, Belgium,[34][35] Le Forum in Tokyo, Japan,[36] and Atelier Hermès in Seoul, South Korea.[37]

Shareholder structure

By 31 December 2016, the Hermès family, as partners of Émile Hermès SARL and their family members, collectively owned 65.1% of the share capital of Hermès International S.A. through a number of asset holding companies and direct ownerships, which entitled the family to 74.8% of the voting rights on allocation of net income and 77.2% on all other matters.[38] Luxury-goods conglomerate LVMH held 20.21% of shares (amassed in the latter half of 2010)[39] and 13.08% of votes at the same date, with 0.39% of shares held as treasury stock and the remaining 16.61% as free float.[40] Speculation that LVMH would launch a takeover bid for Hermès has been repeatedly denied[41][42] by its chairman Bernard Arnault. Some industry insiders have been in doubt, such as René Weber, an analyst at Zürich's Vontobel Investment Banking, who has claimed: "Arnault is not afraid of a fight and a lot of his battles have been successful for him and his shareholders. Whether he can eventually succeed with [a takeover of] Hermès is still an open question." Bertrand Puech, who chairs the main Hermès family holding company, has criticised LVMH's acquisition of Hermès shares and called on the company to reduce its stake by half.[43]

See also

References

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  2. ^ a b c d e f g h i j k "View the Profilepage of Designer: Hermes". Fashion Model Directory. Retrieved 21 April 2008.
  3. ^ a b c d e f g h i j k l "Hermès Watches". Worldtempus.com. WorldTempus. Retrieved 30 April 2018.
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  7. ^ . Styl.sh. Archived from the original on 11 January 2014. Retrieved 7 September 2013.
  8. ^ . antiquorum.com. Archived from the original on 18 January 2012. Retrieved 7 November 2011.
  9. ^ . antiquorum.com. Archived from the original on 18 January 2012. Retrieved 7 November 2011.
  10. ^ Wilson, Eric. "Jean Paul Gaultier News". The New York Times. Retrieved 4 May 2010.
  11. ^ Gonzalez-Rodriguez, Angela (27 March 2015). "Record profit and exceptional dividend offset lower target for Hermès". FashionUnited. Retrieved 17 June 2015.
  12. ^ Singh, Prachi (21 July 2015). "Hermes H1 revenues accelerate 21 percent". FashionUnited. Retrieved 29 July 2015.
  13. ^ "First look: Dubai Mall extension is now open". The National. 9 March 2018. Retrieved 24 December 2018.
  14. ^ "Hermès International profile". Forbes. Retrieved 22 May 2019.
  15. ^ "World Intellectual Property Indicators 2021" (PDF). WIPO. Retrieved 30 November 2021.{{cite web}}: CS1 maint: url-status (link)
  16. ^ World Intellectual Property Organization (2020). World Intellectual Property Indicators 2020. www.wipo.int. World IP Indicators (WIPI). World Intellectual Property Organization (WIPO). doi:10.34667/tind.42184. ISBN 9789280532012. Retrieved 26 August 2021.
  17. ^ a b c Colino, Nadine (2010). The Hermès Scarf: History & Mystique. Thames & Hudson. ISBN 978-0-500-51518-1.
  18. ^ "THE HISTORY OF HERMES". 15 September 2015. Retrieved 19 April 2018.
  19. ^ "Tuareg Chic". Smithsonian Institution. Retrieved 8 December 2014.
  20. ^ "THE BIRKIN RULES". British Vogue. 5 September 2006.
  21. ^ Scarlet Conlon, "Birkin 'Satisfied" by Hermès Investigation," Vogue, 15 September 2015
  22. ^ Hannah McKay, "Crocodile Farming Investigation Exposes Hermès Supplier 6 September 2021 at the Wayback Machine," Sentient Media, 31 August 2021.
  23. ^ "Hermès International, 2016 Registration Document" (PDF).
  24. ^ "Perfume houses - Hermes : Prestige and history • Scentertainer". 25 September 2020.
  25. ^ . Saint-louis.com. Archived from the original on 4 March 2016. Retrieved 4 February 2016.
  26. ^ Schneier, Matthew (22 October 2014). "Hermès Artistic Director Announces Alliance With Aperture Foundation". The New York Times. Retrieved 4 February 2016.
  27. ^ Tan, Norman (10 December 2014). "Catherine Tsékénis, director of the Fondation d'entreprise Hermès". Billionaire. Retrieved 4 February 2016.
  28. ^ Savoyat, Marielle (5 April 2014). "Fondation d'entreprise Hermès - Skills Academy : Morning session". Actu.epfl.ch. Retrieved 4 February 2016.
  29. ^ "Trois designers remportent le Prix Émile Hermès 2014". Connaissance des Arts. 26 May 2014. Retrieved 4 February 2016.
  30. ^ "To do list | Le Figaro Madame". Madame.lefigaro.fr (in French). 18 September 2014. Retrieved 4 February 2016.
  31. ^ Evin, Florence (17 July 2013). "Les musées fragilisés par leurs mécènes". Le Monde.fr (in French). Retrieved 4 February 2016.
  32. ^ "Partenaire - Fondation d'entreprise Hermès | Cité internationale de la tapisserie - Aubusson". Cite-tapisserie.fr (in French). Retrieved 4 February 2016.
  33. ^ "The Foundation's exhibitions: Four spaces dedicated to contemporary art | Fondation d'entreprise Hermès". www.fondationdentreprisehermes.org. Retrieved 30 August 2020.
  34. ^ Van Parys, Yoann (25 February 2019). "Critic's Picks – Brussels: Jacqueline Mesmaeker". Artforum. Retrieved 30 August 2020.
  35. ^ Bukuts, Carina (25 April 2019). "Critic's Guides: The Best Shows To See in Brussels". Frieze. Retrieved 30 August 2020.
  36. ^ Maerkle, Andrew (28 June 2016). "Critic's Guide: Tokyo". Frieze. Retrieved 30 August 2020.
  37. ^ Yeon Chae, Tiffany (20 September 2017). "Critic's Guide: Seoul". Frieze. Retrieved 30 August 2020.
  38. ^ "Hermès Informations Financières" (PDF). finance.hermes.com.
  39. ^ Vidalon, Dominique; Wendlandt, Astrid (21 December 2010). "LVMH raises Hermès stake above 20 percent". Reuters. Retrieved 5 July 2011.
  40. ^ (PDF) (in French). Hermès. Archived from the original (PDF) on 29 April 2014. Retrieved 4 May 2011.
  41. ^ Bawden, Tom (8 March 2011). "LVMH's Bernard Arnault persists in his pursuit of Hermès". The Guardian. Retrieved 9 March 2011.
  42. ^ Andrew, Roberts (10 June 2011). "Hermes Shares Decline in Paris After LVMH Denies Bid Plans". Bloomberg. Retrieved 5 July 2011.
  43. ^ Plumb, Christian; Denis, Pascale (30 May 2011). "LVMH denies attempts to destabilize Hermes". Reuters. Retrieved 5 July 2011.

Bibliography

  • "A Boutique Where You Don't Just Buy – You Invest," Vogue, October 1974.
  • Van Dyke, Grace, "Hermès: Old World Luxury in the New World," USA Today, July 1994.
  • Dryansky, G.Y., "Hermès: Quality with a Kick," Harper's Bazaar, April 1986.
  • Berman, Phyllis, "Mass Production? Yech!," Forbes, 22 September 1986.
  • "Scarves Everywhere," The New Yorker, 30 January 1989.
  • Aillaud, Charlotte, "The Hermès Museum: Inspiration for the Celebrated Family Firm," Architectural Digest (U.S.), January 1989.
  • Tompkins, Mimi, "Sweatshop of the Stars," U.S. News & World Report, 12 February 1990.
  • Gandee, Charles, "Jean-Louis Dumas-Hermès Is Flying High," House & Garden (New York), August 1990.
  • "The Handbags to Have," The New York Times, 14 April 1991.
  • "Hermès: Still in the Saddle," Women's Wear Daily, 25 September 1991.
  • "Hermès of Paris, Inc.," The New York Times, 5 October 1991.
  • Slesin, Susan, "Ah, the Horse," The New York Times, 21 May 1992.
  • Ellena, Jean-Claude, Perfume: The Alchemy of Scent, New York: Arcade, 2009.
  • Burr, Chandler, The Perfect Scent: A Year Inside the Perfume Industry in Paris and New York, New York: Henry Holt, 2007.
  • Frimes, William, "Jean-Louis Dumas, Chief of Hermès, Dies at 72", The New York Times, 3 May 2010.
  • Colino, Nadine, The Hermès Scarf: History & Mistique, New York: Thames & Hudson, 2010.
  • Rocca, Federico, Hermès - L'avventura del lusso, Torino: Lindau, 2011.

External links

  • Official website
  • Official Foundation Enterprise Hermès website

hermès, confused, with, hermes, other, uses, hermes, disambiguation, international, simply, ɛər, listen, french, ɛʁmɛs, listen, french, luxury, design, house, established, 1837, specializes, leather, goods, lifestyle, accessories, home, furnishings, perfumery,. Not to be confused with Hermes For other uses see Hermes disambiguation Hermes International S A or simply Hermes ɛer ˈ m ɛ z listen air MEZ French ɛʁmɛs listen is a French luxury design house established in 1837 It specializes in leather goods lifestyle accessories home furnishings perfumery jewelry watches and ready to wear Its logo since the 1950s is of a Duke carriage with horse Hermes International S A Hermes flagship 24 Rue du Faubourg Saint Honore ParisTypePublic Societe Anonyme Traded asEuronext RMSCAC 40 ComponentIndustryLuxury goodsFounded1837 186 years ago 1837 in ParisFounderThierry HermesHeadquarters24 Rue du Faubourg Saint Honore 75008 Paris France48 52 08 N 02 19 18 E 48 86889 N 2 32167 E 48 86889 2 32167 Coordinates 48 52 08 N 02 19 18 E 48 86889 N 2 32167 E 48 86889 2 32167Key peopleAxel Dumas Executive Chairman Henri Louis Bauer Executive Manager and Chairman Emile Hermes SARL Eric de Seynes Chairman Supervisory Board Pierre Alexis Dumas Artistic Executive Vice President ProductsClothing and accessoriesRevenue 8 982 billion 1 2021 Operating income 3 530 billion 2021 Net income 2 445 billion 2021 Total assets 13 847 billion 2021 Total equity 9 412 billion 2021 OwnersHermes family and others see shareholder structure Number of employees17 595 2021 Websitehermes com Contents 1 History 1 1 Beginnings in the 19th century 1 2 Hermes Freres era 1 3 Post Emile Maurice Hermes 1 4 Decline and revamp 1 5 Growth 1 6 The 2000s to today 2 Designers 3 Goods and products 3 1 Scarves 3 2 Neckties 3 3 Partnership with the Tuareg 4 Leather Goods 5 Perfumery 5 1 Feminine fragrances 5 2 Masculine fragrances 5 3 The Garden Collection 5 4 Colognes 5 5 Unisex 5 6 Hermessence scents exclusive to Hermes boutiques 6 Crystal lighting and glass 7 The Hermes Foundation 8 Shareholder structure 9 See also 10 References 11 Bibliography 12 External linksHistory EditBeginnings in the 19th century Edit Thierry Hermes founder of Hermes Thierry Hermes was born in Krefeld Germany to a French father and a German mother The family moved to France in 1828 2 In 1837 Hermes first established a harness workshop in the Grands Boulevards quarter of Paris dedicated to serving European noblemen 3 4 He created high quality wrought harnesses and bridles for the carriage trade 5 winning several awards including the first prize in its class in 1855 and again in 1867 at the Expositions Universelles in Paris 5 6 Hermes s son Charles Emile 2 took over management from his father in 1880 and moved the shop to 24 rue du Faubourg Saint Honore where it remains With the help of his sons Adolphe and Emile Maurice Charles Emile introduced saddlery and started selling his products retail 5 The company catered to the elite of Europe North Africa Russia Asia and the Americas In 1900 the firm offered the Haut a Courroies bag specially designed for riders to carry their saddles with them Hermes Freres era Edit After Charles Emile Hermes s retirement sons Adolphe and Emile Maurice took leadership and renamed the company Hermes Freres Shortly after Emile Maurice began furnishing the tsar of Russia with saddles 2 By 1914 up to 80 saddle craftsmen were employed Subsequently Emile Maurice was granted the exclusive rights to use the zipper for leather goods and clothing becoming the first to introduce the device in France 3 In 1918 Hermes introduced the first leather golf jacket with a zipper made for Edward Prince of Wales 6 Because of its exclusive rights arrangement the zipper became known in France as the fermeture Hermes Hermes fastener 5 Throughout the 1920s when he was the sole head of the firm Emile Maurice added accessories and clothing collections 3 4 7 He also groomed his three sons in law Robert Dumas Jean Rene Guerrand and Francis Puech as business partners In 1922 the first leather handbags were introduced after Emile Maurice s wife complained of not being able to find one to her liking Emile Maurice created the handbag collection himself 2 Hermes Freres advertisement 1923 In 1924 Hermes established a presence in the United States and opened two shops outside of Paris In 1929 the first women s couture apparel collection was previewed in Paris 2 During the 1930s Hermes introduced some of its most recognized original goods 3 such as the leather Sac a depeches in 1935 later renamed the Kelly bag after Grace Kelly and the Hermes carres square scarves in 1937 3 The scarves became integrated into French culture 4 In 1938 the Chaine d ancre bracelet and the riding jacket and outfit joined the classic collection By this point the company s designers began to draw inspirations from paintings books and objets d art 3 The 1930s also witnessed Hermes s entry into the United States market by offering products in a Neiman Marcus department store in New York however it later withdrew 4 In 1949 the same year as the launch of the Hermes silk tie the first perfume Eau d Hermes was produced From the mid 1930s Hermes employed Swiss watchmaker Universal Geneve as the brand s first and exclusive designer of timepieces producing a line of men s wrist chronographs 8 manufactured in 18K gold or stainless steel and women s Art Deco cuff watches in 18K gold steel or platinum Both models contained dials signed either Hermes or Hermes Universal Geneve while the watch movements were signed Universal Geneve S A The Hermes Universal partnership lasted until the 1950s 9 Emile Maurice summarized the Hermes philosophy during his leadership as leather sport and a tradition of refined elegance 5 Post Emile Maurice Hermes Edit Robert Dumas Hermes 1898 1978 who succeeded Emile Maurice after his death in 1951 closely collaborated with brother in law Jean Rene Guerrand 3 Dumas became the first man not directly descended from Hermes pere to lead the company because his connection to the family was only through marriage Thus he incorporated the Hermes name into his own Dumas Hermes The company also acquired its Duc carriage with horse logo and signature orange paper boxes in the early 1950s 3 Dumas introduced original handbags jewelry and accessories and was particularly interested in design possibilities with the silk scarves 3 During the mid 20th century scarf production diminished 4 World Tempus a Web portal dedicated to watchmaking states Brought to life by the magic wand of Annie Beaumel the windows of the store on the rue du Faubourg Saint Honore became a theatre of enchantment and established the store as a Parisian meeting place for international celebrities 3 In 1956 Life magazine featured a photograph of Grace Kelly who had become the new Princess of Monaco carrying the Sac a depeches bag Purportedly she held it in front of herself to disguise her pregnancy Thus when the public began calling it the Kelly bag a name subsequently adopted by Hermes it became hugely popular The perfume business became a subsidiary in 1961 concurrently with the introduction of the Caleche scent named after a hooded four wheeled horse carriage known since the 18th century and is also the company s logo since the 1950s In 2004 Jean Claude Ellena became the in house perfumer or nose and has created several successful scents including the Hermessence line of fragrances 2 Decline and revamp Edit Hermes store at Avenue George V in Paris 8th arrondissement France Despite apparent success in the 1970s exemplified by multiple shops having been established worldwide Hermes declined relative to its competitors Industry observers attributed this decline to Hermes insistence on exclusively using natural materials for its products a differentiation from competitors that were using new synthetic materials 4 A two week lapse in orders exemplified this shift the Hermes workrooms were silent 4 A market shift from artificial ingredients back to natural materials renewed demand for Hermes fragrances and improved the company s prospects contributing to the re establishment of Hermes as a major player in the fragrance industry Jean Louis Dumas the son of Robert Dumas Hermes traveled extensively 2 studying in the buyer training program at Bloomingdale s the New York department store and joined the family firm in 1964 He became chairman of Hermes in 1978 and concentrated the firm on silk leather goods and ready to wear augmenting traditional techniques with new product lines This transition was instrumental in turning around Hermes decline 4 Dumas brought in designers Eric Bergere and Bernard Sanz to revamp the apparel collection and in collaboration added unusual entries They included the python motorcycle jackets and ostrich skin jeans which were dubbed as a snazzier version of what Hermes has been all along Annual sales in 1978 when Jean Louis became head of the firm were reported at US 50 million 4 By 1990 annual sales were reported at US 460 million mainly due to Dumas s strategy In 1979 he launched an advertising campaign featuring a young denim clad woman wearing an Hermes scarf The purpose was to introduce the Hermes brand to a new set of consumers As one fashion sector observer noted Much of what bears the still discreet Hermes label changed from the object of an old person s nostalgia to the subject of young peoples dreams 4 However Dumas s change of image created outrage both within and outside of the firm Also in the 1970s the watch subsidiary La Montre Hermes was established in Bienne Switzerland Then throughout the 1980s Dumas strengthened the company s hold on its suppliers 4 resulting in Hermes s gaining great stakes in prominent French glassware silverware acquiring venerable tableware manufacturers such as Puiforcat St Louis and Perigord 4 Growth Edit Hermes flagship store in Prince s Building Hong Kong From the 1980s tableware became a strong segment of the firm 4 And overall the collection of Hermes goods expanded in 1990 to include over 30 000 pieces New materials used in the collection included porcelain and crystal 5 Hermes relocated its workshops and design studios to Pantin just outside Paris 3 By June 1993 Hermes had gone public on the Paris Bourse stock exchange At the time the equity sale generated great excitement The 425 000 shares floated at FFr 300 US 55 at the time were oversubscribed by 34 times 4 Dumas told Forbes magazine that the equity sale would help lessen family tensions by allowing some members to liquidate their holdings without squabbling over share valuations among themselves 4 To this time the Hermes family was still retaining a strong hold of about 80 in stocks placing Jean Louis Dumas and the entire family on the Forbes list of billionaires 4 Mimi Tompkins of U S News amp World Report called the company one of Paris best guarded jewels In the following years Dumas decreased Hermes franchises from 250 to 200 and increased company owned stores from 60 to 100 to better control sales of its products 4 The plan was to cost about FFr 200 million in the short term but to increase profits in the long term Having around FFr 500 million to invest Hermes pressed ahead targeting China for company operated boutiques finally opening a store in Beijing in 1996 In 1997 Jean Louis hired iconoclastic Belgian designer Martin Margiela to supervise women s ready to wear By the late 1990s Hermes continued extensively 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 4 In the latter part of the 1900s the company encouraged its clientele to faites nous rever make us dream producing throughout the period artistically atypical orders The 2000s to today Edit Hermes Madrid Spain 2016 In 2003 Martin Margiela left Hermes and hired Jean Paul Gaultier as the head designer debuted his first ready to wear collection for fall winter 2004 05 2 10 After 28 years as head of the firm Jean Louis Dumas retired in January 2006 Known for his charm and one of Europe s greatest authorities on luxury he died in 2010 after a long illness 2 Patrick Thomas who had joined the company in 1989 and who had worked with Jean Louis as the co CEO from 2005 replaced him Thomas became the first non Hermes family member to head the company In February 2015 Hermes has announced an increase of its turnover of 9 7 which represents more than 4 billion in sales 11 This increase is internationally visible In Asia excluding Japan where the turnover grew 7 in America with 10 rise in Europe where it grew 7 growth and generated a good performance in the group s stores 12 In March 2018 Hermes opened a multi story shop at the Dubai Mall their largest to date 13 In 2019 the brand was ranked 33rd in the Forbes List World s Most Valuable Brands 14 The 2021 review of WIPO s annual World Intellectual Property Indicators ranked Hermes 7th in the world for the 68 industrial design registrations that were published under the Hague System during 2020 15 This position is significantly up on their previous 15th place ranking for their 27 industrial design registrations published in 2019 16 Designers EditThe designers throughout the company s history have included Lola Prusac Jacques Delahaye Catherine de Karolyi Monsieur Levaillant Nicole de Vesian Eric Bergere Claude Brouet Tan Giudicelli Marc Audibet Mariot Chane Bernard Sanz Martin Margiela Jean Paul Gaultier Christophe Lemaire Veronique Nichanian the men s wear designer since 1988 and Nadege Vanhee Cybulski since 2014 succeeding Lemaire 2 Goods and products Edit An Hermes soap bar bearing the logo Known for luxury goods by 2008 Hermes had 14 product divisions that encompassed leather scarves ties men s and women s wear perfume watches stationery footwear gloves enamelware decorative arts tableware and jewellery 3 Hermes sales compose about 30 leather goods 15 clothes 12 scarves and 43 other wares 2 The company licenses no products and keeps tight control over the design and manufacture of its vast inventory 5 The firm is very attached to its traditional business model and rejects mass production assembly lines and mechanization Hermes s goods are almost entirely made in France by hand in middle sized workshops known as Les Ateliers Hermes that emphasise high quality manufacturing Indeed Hermes claims most items are fabricated from beginning to end by only one person which is supposed to guarantee the quality and uniqueness of its products In 2012 Hermes retail outlets changed their policy regarding returns and exchanges of products Consumers may only exchange items within ten days of purchase and only for another color variant of the original purchase No other post purchase exchanges are permitted and refunds are never offered regardless of the consumer s having a receipt Scarves Edit The scarf or carre square was introduced in 1937 4 The first example was a 70 cm x 70 cm print of white wigged females playing a popular period game a custom made accessory named Jeu des Omnibus et Dames Blanches 4 Hermes oversaw the production of its scarves throughout the entire process purchasing raw Chinese silk spinning it into yarn and weaving it into fabric twice as strong and heavy as most scarves available at the time 4 The company s scarf designers spend years creating new print patterns that are individually screen printed 4 Designers can choose from over 70 000 different colors 17 When production first began a dedicated factory was established in Lyon France the same year that Hermes celebrated its 100th anniversary Contemporary Hermes carres measure 90 cm 90 cm weigh 65 grams and are woven from the silk of 250 mulberry moth cocoons 17 All hems are hand stitched Motifs are wide ranging Two silk scarf collections per year are released along with some reprints of older designs and limited editions And two collections per year are introduced in a Cashmere silk blend Since 1937 Hermes has produced over 2 000 unique designs the horse motif is particularly famous and popular 17 The ubiquitous Brides de Gala version introduced in 1957 has been produced more than 70 000 times An Hermes scarf is sold somewhere in the world every 25 seconds by the late 1970s more than 1 1 million scarves had been sold worldwide 5 Neckties Edit Hermes silk ties In 1946 the brand introduced a range of men s silk neckties in an array of motifs and widths Neckties account for 10 of the company s annual sales 18 Partnership with the Tuareg Edit For years Hermes has partnered with Tuareg tribesmen for silver jewelry The Saharan nomads traditional motifs are often mirrored in various Hermes products including scarves 19 Leather Goods EditHermes is known for its handmade luggage and handbags One of them might require 18 to 24 hours to produce The construction of each Kelly bag for example requires 18 hours to fully realize 4 Hermes s leathers come from all over the world Customers may currently wait from six months to one year for delivery of one of the house s signature bags Incidentally should Hermes s leather goods require repair owners can bring an item to any Hermes store where it will be shipped to Les Ateliers Hermes in Pantin for repair or reconditioning citation needed Another famous Hermes handbag the Birkin bag was named after British actress Jane Birkin In a chance encounter with Jean Louis Dumas she complained that her bag was not practical for everyday use Consequently he invited her to France where they co designed the bag in 1984 Birkin has since stopped carrying her namesake bag due to her tendonitis as the bag became too large and heavy for her to carry 20 Asked by her that her name be removed and with much back and forth comments about various issues such as having her name removed According to Vogue Jane Birkin is satisfied by the measures taken by Hermes 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 21 In 2021 the Farm Transparency Project released video footage from three Australian crocodile farms owned by Hermes which showed the small cages and concrete floors the animals live on and how they are slaughtered including by stabbing and electrocution 22 A Kelly bag Exotic leathers of the bags make them highly valuable and noticeable e g ostrich leather A Birkin bagPerfumery EditSince 1951 the company has created a number of scents for both men and women as well as unisex lines 23 The Hermes line of perfumes includes classic perfumes such as Caleche introduced in 1961 and more recent creations including Terre d Hermes The main creator nose of Hermes perfumes is Jean Claude Ellena 24 Feminine fragrances Edit Caleche 1961 Amazone 1974 updated 2017 Parfum d Hermes 1984 24 Faubourg 1995 Hiris 1999 Rouge Hermes 2000 Eau des Merveilles 2004 Kelly Caleche 2007 Jour d Hermes 2013 Jour d Hermes Gardenia 2015 Galop d Hermes 2016 Twilly d Hermes 2017 Twilly d Hermes Eau Poivree 2019 Masculine fragrances Edit Equipage 1970 Bel Ami 1986 Rocabar 1998 Concentre d Orange Verte 2004 Terre d Hermes 2006 Bel Ami Vetiver 2013 Equipage Geranium 2015 H24 2021 The Garden Collection Edit Un Jardin en Mediterranee 2003 Un Jardin sur le Nil 2005 Un Jardin apres la Mousson 2008 Un Jardin sur le Toit 2011 Le Jardin de Monsieur Li 2015 Un Jardin sur La Lagune 2019 Colognes Edit Eau de Cologne d Hermes 1978 re released as Eau d Orange Verte 1997 Eau de Gentiane Blanche 2009 Eau de Pamplemousse Rose 2009 Eau de Narcisse Bleu 2013 Eau de Mandarine Ambree 2013 Eau de Rhubarbe Ecarlate 2016 Eau de Neroli Dore 2016 Eau de Citron Noir 2018 Eau de Basilic Pourpre 2022 Unisex Edit Eau de Hermes 1951 Voyage de Hermes 2016 eau de toilette and parfum Hermessence scents exclusive to Hermes boutiques Edit Rose Ikebana 2004 Vetiver Tonka 2004 Poivre Samarcande 2004 Ambre Narguile 2004 Osmanthe Yunnan 2005 Paprika Brazil 2006 Brin de Reglisse 2007 Vanille Galante 2009 Iris Ukiyoe 2010 Santal Massoia 2011 Epice Marine 2013 Cuir d Ange 2014 Muguet Porcelaine 2016 Agar Ebene 2018 Cedre Sambac 2018 Myrrhe Eglantine 2018 Essences Musc Pallida and Cardamusc 2018 Violette Volynka 2022Crystal lighting and glass EditBelonging to the group is the crystal glass manufacturer Saint Louis the oldest crystal company in the world Since its founding in 1586 Saint Louis has drawn design inspiration from the decorative periods of the 19th and 20th centuries from the Restoration to Modern styles through Napoleon III Art Nouveau and Art Deco Saint Louis became one of the Hermes Group Metiers in 1989 25 The Hermes Foundation EditThe Hermes Foundation was launched in 2008 It is chaired by Pierre Alexis Dumas the artistic director of Hermes and directed by Catherine Tsekenis 26 27 The Foundation embodies the group s goal to sponsor and support creation and craftsmanship activities 28 In 2010 it launched the biannual Emile Hermes Prize that rewards an innovative project in the field of design In 2014 the three winners who shared the first prize chaired by Italian architect Michele De Lucchi were Johan Brunel and Samuel Misslen for their Ventilated Capsule Antoine Lesur and Marc Venot for Hut and Paul Tubiana for Leon 29 In 2012 the Foundation participated in the New Settings show for the promotion of the arts 30 In 2013 the Foundation supported the exhibition of works by young artists shown at the Palais de Tokyo 31 In January 2014 it has pledged a three year support of the Cite internationale of Aubusson tapestry 32 The Foundation operates several contemporary art spaces 33 including La Verriere in Brussels Belgium 34 35 Le Forum in Tokyo Japan 36 and Atelier Hermes in Seoul South Korea 37 Shareholder structure EditBy 31 December 2016 the Hermes family as partners of Emile Hermes SARL and their family members collectively owned 65 1 of the share capital of Hermes International S A through a number of asset holding companies and direct ownerships which entitled the family to 74 8 of the voting rights on allocation of net income and 77 2 on all other matters 38 Luxury goods conglomerate LVMH held 20 21 of shares amassed in the latter half of 2010 39 and 13 08 of votes at the same date with 0 39 of shares held as treasury stock and the remaining 16 61 as free float 40 Speculation that LVMH would launch a takeover bid for Hermes has been repeatedly denied 41 42 by its chairman Bernard Arnault Some industry insiders have been in doubt such as Rene Weber an analyst at Zurich s Vontobel Investment Banking who has claimed Arnault is not afraid of a fight and a lot of his battles have been successful for him and his shareholders Whether he can eventually succeed with a takeover of Hermes is still an open question Bertrand Puech who chairs the main Hermes family holding company has criticised LVMH s acquisition of Hermes shares and called on the company to reduce its stake by half 43 See also EditMesarchitecture Revenge buyingReferences Edit Regulated information finance hermes com a b c d e f g h i j k View the Profilepage of Designer Hermes Fashion Model Directory Retrieved 21 April 2008 a b c d e f g h i j k l Hermes Watches Worldtempus com WorldTempus Retrieved 30 April 2018 a b c d e f g h i j k l m n o p q r s t u v w Hermes Retrieved 21 April 2008 a b c d e f g h Martin Richard 1995 Contemporary Fashion London St James Press p 750 ISBN 1 55862 173 3 a b History of Hermes History of Fashion Retrieved 8 December 2014 The Story Behind Hermes Styl sh Archived from the original on 11 January 2014 Retrieved 7 September 2013 Pour Hermes Universal Geneve case No 605738 Made for Hermes circa 1935 Very fine and extremely rare 18K yellow gold wristwatch with square button chronograph register telemeter and tachometer antiquorum com Archived from the original on 18 January 2012 Retrieved 7 November 2011 Universal Geneve for Hermes Paris year 1950 Raro ed elegante orologio da polso per uomo rettangolare asimmetrico in oro 18 ct antiquorum com Archived from the original on 18 January 2012 Retrieved 7 November 2011 Wilson Eric Jean Paul Gaultier News The New York Times Retrieved 4 May 2010 Gonzalez Rodriguez Angela 27 March 2015 Record profit and exceptional dividend offset lower target for Hermes FashionUnited Retrieved 17 June 2015 Singh Prachi 21 July 2015 Hermes H1 revenues accelerate 21 percent FashionUnited Retrieved 29 July 2015 First look Dubai Mall extension is now open The National 9 March 2018 Retrieved 24 December 2018 Hermes International profile Forbes Retrieved 22 May 2019 World Intellectual Property Indicators 2021 PDF WIPO Retrieved 30 November 2021 a href Template Cite web html title Template Cite web cite web a CS1 maint url status link World Intellectual Property Organization 2020 World Intellectual Property Indicators 2020 www wipo int World IP Indicators WIPI World Intellectual Property Organization WIPO doi 10 34667 tind 42184 ISBN 9789280532012 Retrieved 26 August 2021 a b c Colino Nadine 2010 The Hermes Scarf History amp Mystique Thames amp Hudson ISBN 978 0 500 51518 1 THE HISTORY OF HERMES 15 September 2015 Retrieved 19 April 2018 Tuareg Chic Smithsonian Institution Retrieved 8 December 2014 THE BIRKIN RULES British Vogue 5 September 2006 Scarlet Conlon Birkin Satisfied by Hermes Investigation Vogue 15 September 2015 Hannah McKay Crocodile Farming Investigation Exposes Hermes Supplier Archived 6 September 2021 at the Wayback Machine Sentient Media 31 August 2021 Hermes International 2016 Registration Document PDF Perfume houses Hermes Prestige and history Scentertainer 25 September 2020 The Saint Louis key dates Saint louis com Archived from the original on 4 March 2016 Retrieved 4 February 2016 Schneier Matthew 22 October 2014 Hermes Artistic Director Announces Alliance With Aperture Foundation The New York Times Retrieved 4 February 2016 Tan Norman 10 December 2014 Catherine Tsekenis director of the Fondation d entreprise Hermes Billionaire Retrieved 4 February 2016 Savoyat Marielle 5 April 2014 Fondation d entreprise Hermes Skills Academy Morning session Actu epfl ch Retrieved 4 February 2016 Trois designers remportent le Prix Emile Hermes 2014 Connaissance des Arts 26 May 2014 Retrieved 4 February 2016 To do list Le Figaro Madame Madame lefigaro fr in French 18 September 2014 Retrieved 4 February 2016 Evin Florence 17 July 2013 Les musees fragilises par leurs mecenes Le Monde fr in French Retrieved 4 February 2016 Partenaire Fondation d entreprise Hermes Cite internationale de la tapisserie Aubusson Cite tapisserie fr in French Retrieved 4 February 2016 The Foundation s exhibitions Four spaces dedicated to contemporary art Fondation d entreprise Hermes www fondationdentreprisehermes org Retrieved 30 August 2020 Van Parys Yoann 25 February 2019 Critic s Picks Brussels Jacqueline Mesmaeker Artforum Retrieved 30 August 2020 Bukuts Carina 25 April 2019 Critic s Guides The Best Shows To See in Brussels Frieze Retrieved 30 August 2020 Maerkle Andrew 28 June 2016 Critic s Guide Tokyo Frieze Retrieved 30 August 2020 Yeon Chae Tiffany 20 September 2017 Critic s Guide Seoul Frieze Retrieved 30 August 2020 Hermes Informations Financieres PDF finance hermes com Vidalon Dominique Wendlandt Astrid 21 December 2010 LVMH raises Hermes stake above 20 percent Reuters Retrieved 5 July 2011 Annual Report 2010 PDF in French Hermes Archived from the original PDF on 29 April 2014 Retrieved 4 May 2011 Bawden Tom 8 March 2011 LVMH s Bernard Arnault persists in his pursuit of Hermes The Guardian Retrieved 9 March 2011 Andrew Roberts 10 June 2011 Hermes Shares Decline in Paris After LVMH Denies Bid Plans Bloomberg Retrieved 5 July 2011 Plumb Christian Denis Pascale 30 May 2011 LVMH denies attempts to destabilize Hermes Reuters Retrieved 5 July 2011 Bibliography Edit A Boutique Where You Don t Just Buy You Invest Vogue October 1974 Van Dyke Grace Hermes Old World Luxury in the New World USA Today July 1994 Dryansky G Y Hermes Quality with a Kick Harper s Bazaar April 1986 Berman Phyllis Mass Production Yech Forbes 22 September 1986 Scarves Everywhere The New Yorker 30 January 1989 Aillaud Charlotte The Hermes Museum Inspiration for the Celebrated Family Firm Architectural Digest U S January 1989 Tompkins Mimi Sweatshop of the Stars U S News amp World Report 12 February 1990 Gandee Charles Jean Louis Dumas Hermes Is Flying High House amp Garden New York August 1990 The Handbags to Have The New York Times 14 April 1991 Hermes Still in the Saddle Women s Wear Daily 25 September 1991 Hermes of Paris Inc The New York Times 5 October 1991 Slesin Susan Ah the Horse The New York Times 21 May 1992 Ellena Jean Claude Perfume The Alchemy of Scent New York Arcade 2009 Burr Chandler The Perfect Scent A Year Inside the Perfume Industry in Paris and New York New York Henry Holt 2007 Frimes William Jean Louis Dumas Chief of Hermes Dies at 72 The New York Times 3 May 2010 Colino Nadine The Hermes Scarf History amp Mistique New York Thames amp Hudson 2010 Rocca Federico Hermes L avventura del lusso Torino Lindau 2011 External links EditHermes at Wikipedia s sister projects Media from Commons Quotations from Wikiquote Official website Official Foundation Enterprise Hermes website Retrieved from https en wikipedia org w index php title Hermes amp oldid 1128876439, wikipedia, wiki, book, books, library,

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