Hermès, the luxury Parisian fashion house, says it cannot produce enough silk scarfs and luxury handbags to meet soaring demand.
The 174-year-old company, regarded as the must luxurious of the super-luxe labels, announced a 50% jump in first-half profits to €291m due to huge demand for its Kelly and Birkin handbags in the US and Japan, despite the economic downturn.
But Patrick Thomas warned investors that the company would not be able to maintain its stellar performance for the rest of the year because it was running out of stock. Continue reading →
Artistic director Pierre-Alexis Dumas has teamed up with designers including Enzo Mari, Denis Montel, and Antonio Citterio to create furnishings, furniture and accessories that will be available in select Hermès stores this fall.
In addition, as part of a new partnership with Italian textile manufacturer Dedar, the house will present a range of home fabrics, wallpaper and carpets. Continue reading →
As part of Maison, the new furniture line recently unveiled in Paris, Hermes will re-release certain iconic pieces that Jean-Michel Frank designed in 1924.
Among them is the Confortable armchair, a straw-marquetry screen, a shagreen-covered vanity and the designer’s X-base dining table.
Previously, the company’s furniture was limited to Pippa, a small collection by the architect Rena Dumas, who designed Hermès stores and who was married to Jean-Louis Dumas, the chairman of Hermès from 1978 to 2006. Continue reading →
The legendary “it” bag and luxury status symbol, the Hermes Kelly, has been magnified by 15 times its original size for a special exhibit in London.
Luxury goods company Hermes teamed up with Selfridges to present the “Kellydoscope,” a unique customer experience that showcases, using video technology and special effects, what it feels like to be inside the iconic handbag.
The Kellydoscope, which stands 4 meters (13 feet) high, took more than five months to develop. Every detail of the regular-sized Kelly has been faithfully reproduced on the giant tan leather-bound and beige toile fabric-lined one. Continue reading →
China’s ever increasing economic clout has again been reflected in a survey on consumer tastes in luxury goods which has shown the nation not only knows what goods it wants, it most certainly now has the means by which to buy them.
A report released this week by Bain & Company has claimed China is now the fastest-growing consumer of leather goods and jewelry worldwide.
Its overall luxury market has grown 23 per cent this year, meaning it’s on target to reap some 84.3 billion yuan (9.2 billion euro).
But what the world really wants to know is what are the Chinese after. According to this report, Louis Vuitton, Chanel and Gucci are the most lusted-for brands. Continue reading →
Hermes rejected on Wednesday “an attack” on its capital by luxury goods giant LVMH, sounding the start of what could become a bitter battle for control of one of France’s most iconic brands.
The head of LVMH, Bernard Arnault announced he had bought 17 percent of his rival Hermes, insisting that this does not herald a hostile takeover but that he simply wanted to become a “friendly” long-term shareholder.
“If you want to be friendly, Mr Arnault, you should withdraw,” retorted Hermes executives Bertrand Puech and Patrick Thomas. Continue reading →