Hermès homes in on Kering figures
If both luxury groups maintain current growth rates, Hermès could overtake Kering in terms of revenue in the course of 2025.
Full-year figures for 2024 showed revenues of €17.2 billion for Kering, down by 12% compared to the previous year. If its revenues were to fall by 12% again this year, it would take Kering to just over €15 billion.
In 2024, Hermès achieved revenues of €15.2 billion, growth of 13%. Similar growth this year would take it to revenues of almost €17.2 billion for 2025 and the gap of €2 billion between the two groups would be reversed.
As recently as 2022, Kering achieved record revenues of €20 billion, which was €8.4 billion more than Hermès posted that year.
LVMH remains by far the biggest luxury group, with 2024 revenues of almost €85 billion, including a figure of more than €40 billion for its leathergoods and fashion division.
