Store revamps for fast-growing Hermès
03/11/2023
In the third quarter, sales grew 16% to €3,365 million, up 16% at constant exchange rates, despite a particularly high comparison base in Asia.
Chariman Axel Dumas said: “The solid performance in the third quarter reflects the desirability of our collections all over the world, with still a sustained momentum in Asia and in the Americas. More than ever, in an uncertain global environment, we are reinforcing our investments and our teams to support growth.”
The Leathergoods and Saddlery business line (+19%) benefitted from a sustained demand with two new models, Kelly Messenger and Maxi Kelly, attracting new customers.
The increase in production capacities continues, with four new leather workshop projects planned over the next four years: Riom (Puy-de-Dôme) in 2024, L’Isle-d’Espagnac (Charente) in 2025, Loupes (Gironde) in 2026 and Charleville-Mézières (Ardennes) scheduled for 2027.
At the end of October, the group opened a fully renovated Chicago store, a second store in Chengdu, China, and a fully renovated location within Daimaru department store in northern Japan.
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