Vimeo
LinkedIn
Instagram
Share |

Hermes

October 15, 2012

French prosecutors will look into Hermes’s claim that fellow luxury goods group LVMH engaged in insider trading to accumulate a stake in the smaller family business.

French prosecutors will look into Hermes’s claim that fellow luxury goods group LVMH engaged in insider trading to accumulate a stake in the smaller family business.

"A preliminary investigation has been opened in order to assess the content of the complaint," an official at the Paris prosecutor's office said on 13 October.

December 14, 2011

The family behind French luxury goods company Hermes has finalised the creation of a holding company aimed at defending the family business from a hostile takeover.

The family behind French luxury goods company Hermes has finalised the creation of a holding company aimed at defending the family business from a hostile takeover.

Under the new structure, family shareholders will find it difficult to sell their stake to non-family members, while the holding company, named H51, will have a priority right to buy an additional 12.3% of the luxury house in case a family member plans on selling.

December 11, 2011

Everybody knows that Birkin bags, the iconic handbags made by family business Hermès, are expensive. But the one that sold last week in Dallas was outrageously priced, even by normal standards.

Everybody knows that Birkin bags, the iconic handbags made by family business Hermès, are expensive. But the one that sold last week in Dallas was outrageously priced, even by normal standards.

The bag, made of red crocodile leather and featuring 18-carat white gold and diamond-encrusted fittings, was sold for $203,150 (€151,776) to an anonymous private collector.

November 4, 2011

Hermes, best known for its silk scarves and Birkin bags, has become the latest family business to benefit from rising demand for luxury goods, with the company raising its full-year sales targets after achieving a strong third quarter. 

Hermes, best known for its silk scarves and Birkin bags, has become the latest family business to benefit from rising demand for luxury goods, with the company raising its full-year sales targets after achieving a strong third quarter.

The Paris-based luxury goods company today (4 November) forecasted revenue increases of between 15% and 16% at constant rates of exchange this year, up from the 12% to 14% it predicted in August.

September 15, 2011

The family behind Hermes is allowed to create a holding company, aimed at warding off takeover attempts by rival luxury group LVMH, a French court ruled today (15 September).

The family behind Hermes is allowed to create a holding company, aimed at warding off takeover attempts by rival luxury group LVMH, a French court ruled today (15 September).

In Paris, the court of appeal upheld an earlier exemption given by French stock market watchdog AMF that granted the family permission to create the holding company without having to buy out other shareholders.

September 2, 2011

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

So it was pointed out in early September when the famous luxury brand, in terms of its market capitalisation on the French stock exchange, was worth more than country’s second-biggest bank.

An analyst quoted in a Bloomberg story about the two firms’ valuations summed up the differences well.

September 1, 2011

Family-controlled Hermès has posted strong first half 2011 results, as the Paris-based luxury company further consolidates its position as one of France’s strongest luxury groups.

Family-controlled Hermès has posted strong first half 2011 results, as the Paris-based luxury company further consolidates its position as one of France’s strongest luxury groups.

Hermès, maker of the famous Birkin handbag, reported a 22% year-on-year rise in revenue to €1.30 billion for the first half of 2011. Net profit too rose by 50% to €291 million, aided in part by the family’s sale of its minority stake in fashion group Jean-Paul Gaultier in May.

June 8, 2011

The stock of family-controlled luxury group Hermes has risen to a seven month high, causing speculation that rival family company LVMH is buying more Hermes shares.

The stock of family-controlled luxury group Hermes has risen to a seven month high, causing speculation that rival family company LVMH is buying more Hermes shares.

Hermes stock rose to a high of €207.75 per share on 7 June – trading at 35 times its 2012 earnings, pushing up its market capitalisation to around €20 billion. This valued the group higher than some of France’s biggest companies including Michelin and Airbus.

May 20, 2011

The Hermes family, majority owners of the French luxury goods company of the same name, said they were determined to remain in control of the business following an attempt to stop them using their voting rights.

The Hermes family, majority owners of the French luxury goods company of the same name, said they were determined to remain in control of the business following an attempt to stop them using their voting rights.

In a statement on 19 May, the Hermes family said that the Association for the Defence of Minority Shareholders has filed an application to deprive the family of their voting rights during the annual general meeting, scheduled for 30 May.

Click here >>
Close