Hermes Acquires Stake in Pierre Hardy
With demand for shoes higher than usual, this buying of a minority stake in Pierre Hardy may help in its expansion plans.
Hermes’ acquisition of a minority stake in Pierre Hardy comes at a very opportune time. With the shoe market performing better than usual in the first financial quarter of 2016, this strategic move may prove beneficial for the footwear label’s expansion plans.
It isn’t all altruism on Hermes’ part, obviously – Pierre Hardy has designed the French label’s shoes and jewellery collections since 2001. In line with Hermes’s history of supporting designers it works with, it is a step towards fostering closer working relationships.
For more information, read more on Men’s Folio Singapore.