Hermès quarterly turnover up 8 %

Hermès quarterly turnover up 8 %

French luxury group Hermès saw its turnover grow 8 % in the first quarter, when considering constant exchange rates. Including exchange rate effects, turnover grew nearly 20 %.

Growth for most product groups

Especially its Japanese branch grew, up 15 %, while Asian turnover in general went up 8 %. American and European turnover also grew, respectively + 8 % and + 5 %.

 

The Leather Goods & Saddlery division was the best performing branch with a 12 % turnover increase, while Ready-to-wear & Accessories also grew double digits (+ 10 %). Perfumes had a minimal growth, only 1 %, thanks to the launch of 3 new perfumes. The watch market did not help Hermès' turnover that much, as it dropped 3 %. The remaining product groups within Hermès grew 8 %, mostly thanks to additional jewelry sales.

Questions or comments? Please feel free to contact the editors


Lucas Bols drunk in love with Passoã

16/11/2017

Liquor manufacturer Lucas Bols’ turnover has grown 23.8 % in the first six months of its broken fiscal year, to 48.8 million euro. Aside from 0.5 %, the entire growth is thanks to liquor brand Passoã’s integration.

"Hunkemöller prepares IPO"

16/11/2017

According to financial press agency Bloomberg, investment company Carlyle Group ordered Rothschild bankers to prepare an IPO for Hunkemöller.

Italian Food-focused theme park opens in Bologna

16/11/2017

Fans of Italian cuisine have to head to Italian Bologna, where Eataly World opened, a theme park focused on Italian pasta, wine, pizza and more.

CEO Bernard Deryckere will leave Alpro

16/11/2017

Bernard Deryckere, who was the man behind Belgian dairy company Alpro’s international success, will leave the company after sixteen years. Apparently, he will leave because of differences of opinion with its new owner, Danone.

Ahold USA trials robot in Giant Food Store

15/11/2017

Ahold USA is currently trialing a robot in a Giant Food Store. Its job is to detect dangers and then ask for assistance. He can also point out empty shelves and check prices.

India is promised land for Belgian apples and pears

14/11/2017

India is turning into the promised land for Belgian fruit farmers. It is already Belgian apples’ most important non-European market and Belgian pears are also promoted throughout the country.

Back to top