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Couture, fashion and leather goods

Hermès blows past revenue, net profit expectations for 2023, showing continued global desirability in product range

February 9, 2024

Hermès honors the Chinese Year of the Dragon. Image: Hermès Hermès honors the Chinese Year of the Dragon. Image: Hermès

 

By Luxury Marketer Intelligence

Focus on creativity of collections and integrated artisanal model, control of know-how and singular communication, loyalty of clients and a balanced distribution network helped make Hermès the best-performing luxury group in 2023 among its rivals.

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NEW INTELLIGENCE

MOST READ
  1. Luxury brands neglecting cultural venues where more UHNWIs are spending time: report
  2. Future of refrigeration in the luxury home – and what consumers are telling brands
  3. Luxury fashion sector needs to reinvent amidst widespread global slowdown
  4. 1 week left! Claim your spot at Luxury Roundtable's Sept. 25 summit
  5. New episode of Luxury Stance Podcast: What the ultra-wealthy – 0.01 percent – want out of luxury hospitality
  6. How to structure your wealth for the next decade
  7. Luxury Roundtable launches Luxury Marketer, a global intelligence, analysis and news source for luxury professionals across sectors 
  8. Rolls-Royce to invest $370M+ in British manufacturing expansion as it prioritizes higher price per bespoke car
  9. Access no longer the new scarcity for global wealthy: report
  10. Is luxury losing its luster as US affluent consumers’ priorities shift?


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