Hermès Laughs All the Way to the Bank with a 14% Revenue Jump, Hoarding a Smashing $12.1B by Q3

“Hermès posts 14pc revenue bump, hitting $12.1B through Q3”

“French fashion house Hermès has recorded revenues of €10.5 billion ($12.1 billion) in the nine months to the end of September, up 14 percent from a year earlier.”

Now, let’s ponder this for a moment. If there’s a fairy tale for business and finance in the fashion world, Hermès seems to be writing it. While most industries are struggling with supply chain issues and inflationary pressures, our very own French fashion house has hopped, skipped, and danced their way to record revenues. A staggering €10.5 billion ($12.1 billion), mind you, and all this in the nine months to the end of September, up 14 percent from a year earlier.

Of course, they’re rolling in it, while the rest of us mortals are counting our pennies. Their secret? Hermès isn’t just selling well-stitched fabric; they’re selling the good old feeling of luxury with that hefty price tag, making everyone go ‘ooh la la’.

Their leather goods sector drove that growth – not surprising considering every well-heeled fashionista seems to pine for a Hermès Birkin or a Kelly bag as though it’s the elixir to their fashion woes. I mean, who wouldn’t want an insanely expensive bag that speaks volumes about deeply lined pockets and an exclusive taste?

While their perfumes, scarves, and ready-to-wear lines have also played their part, the performance in Japan, Asia excluding Japan, and Americas indicates the emergence of a new class of haute-couture enthusiasts, ready to spend their days in a cocoon of silk scarves and the aroma of exotic perfumes without batting an eyelid at the price tags attached.

To summarize, luxury is alive and well in the world, and Hermès is cashing in on it. So, while the rest of us might daydream about owning a Hermès bag, the French fashion house is busy counting its mountains of cash. Nothing like a little reality check, now, right?

But hey, not to be overly cynical though. The fashion industry is indeed a business, and as long as there are willing and able buyers, Hermès’ balance sheet is going to look as attractive as their signature orange boxes. Here’s to surviving and thriving in a business where the sky is truly the limit for the price tags.

Read the original article here:

https://www.luxurydaily.com/hermes-posts-14pc-revenue-bump-hitting-12-1b-through-q3/