Fighting with LVMH’s attempts to amass a stake in Hermès, the French luxury fashion house appointed Axel Dumas (42 years old), a member of its founding family, as Co-Chief Executive Officer of Hermès International. Since Axel Dumas‘ arrival at Hermès in 2003 he has held a number of key positions, including Managing Director of jewellery … Read more
Hermes luxury handbags and silk scarves were sold in 2011 like hotcakes. Hermes reported a record year in 2011 with a 40.9-percent rise in net profit which helped push up its shares 3.01 percent in early trading, informs AFP. Hermes reported record sales, and a net result of 594.3 million euros ($787 million). The luxury … Read more
Hermes says buying power of luxury clients unchanged French luxury goods maker Hermes sees no sign yet of affluent buyers tightening their purse strings in spite of a somber global economic outlook, the head of the brand said at Paris Fashion Week. The luxury goods industry continues to grow at a solid pace thanks to … Read more