Growth goes on as Hermès overtakes Kering
High-end leathergoods brand Hermès has reported full-year revenues for 2025 of €16 billion. This is an increase of 5.5% compared to the company’s results in 2024.
This success comes at a time when competitor groups LVMH and Kering have reported declines in revenues in 2025 of 5% and 13%, respectively.
LVMH reported total revenues of €80.8 billion, of which €37.8 billion came from its leathergoods and fashion business. Kering’s total revenues were €14.7 billion.
Executive chairman of Hermès, Axel Dumas, said the company’s business model emphasises exclusivity, quality and “strong vertical integration”. This “distinctive strategy” has, once again, proved successful, he said.
“In an uncertain environment, Hermès is moving into 2026 with confidence, underpinned by its creativity and exceptional savoir-faire,” he concluded.
