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Hermes sales growth slows under economic pressures
22 Apr 2025 05:19 GMT
… preserving unique savoir-faire,” said Hermes executive chair Axel Dumas.
The … , with sales falling by 10%.
Hermes opened a new retail store … of 2024, the company reported EU€4.0 billion in sales … .
Its net profit grew to EU€4.6 billion across 2024 …
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Why Hermes is testing America’s luxury pain threshold
22 Apr 2025 03:01 GMT
… ”
The US tariffs on EU-based goods will widen to … growth trajectory in the EU might not last as … brand under its umbrella has Hermes’ pricing elasticity. Meanwhile, Kering … consumer demand.
Looking ahead, Hermes remains cautiously optimistic. The company …
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How the EU’s reliance on China has exposed carmakers to trade shocks
18 Apr 2025 23:53 GMT
… both at home and abroad.
EU votes to impose tough new … that with?" Russo asked.
Hermes to hike US prices to …
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Hermès preps to raise US prices in response to tariffs
18 Apr 2025 16:48 GMT
… rate applicable to the EU.
Hermès doesn’t plan to … loyal despite increased prices.
Hermès produces about 75% of its … Halgouët said.
Also Thursday, Hermès reported first quarter revenue of … beauty was flat.
Though Hermès has consistently seen revenue growth …
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LVMH CEO says to blame Brussels for U.S.-EU tariff tensions
18 Apr 2025 15:34 GMT
… Brussels — the location of the EU headquarters — if tariff policies … free trade zone between the EU and the U.S. — … . The European Commission, the EU’s executive branch, negotiates trade … its umbrella.
Earlier this week, Hèrmes briefly overtook LVMH as France …
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Hermès leaves wealthy clients to pay for cost of Trump tariffs
18 Apr 2025 10:12 GMT
… the US’ 10% tariffs on EU goods.
These hikes, set … extra import costs.
Although Hermès revealed that its finances had … -called “reciprocal” rate on the EU — and many other countries — … too, which could be impacting Hermès’ watch offerings. More consumers are …
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Paphos targets UK, EU and Israel in digital tourism drive
18 Apr 2025 05:44 GMT
The Paphos regional tourism board (Etap) this week said that its digital tourism campaign is exceeding expectations, with the organisation reporting that its goals have already been significantly surpassed.
According to an official announcement, “since the …
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Birkin bags will cost even more as Hermes vows to hike prices in US to counter Trump tariffs
17 Apr 2025 16:42 GMT
… according to Eric du Halgouet, Hermes’ executive vice president of finance … leaders time to negotiate.
Hermes’ price hikes would come … he unveiled the EU tariffs.
The EU is hopeful Meloni … release.
Earlier this week, Hermes surpassed rival LVMH – which …
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Trump threatens Harvard’s tax-exempt status; Hermès usurps LVMH
15 Apr 2025 21:59 GMT
… the report from CNN.
The EU suspended its initial countermeasures after … earlier this month. The EU levies had been planned to … Source: Wikimedia Commons.
Luxury brand Hermès has eclipsed LVMH, the owner … to €244.1 billion against Hermès’ market cap of €246. …
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EU urges Israel to guarantee safe passage of aid after ceasefire
17 Jan 2025 06:00 GMT
… the freeing of hostages.
EU crisis management commissioner Hadja Lahbib … Brussels, Lahbib said that the EU had allocated an additional € … companies such as LVMH and Hermès.
Iron curtain
A new … it, but Warsaw has requested EU funding, Ochalski said.
Yesterday, …