The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Hermès International SCA said it will open two new leather-goods production sites over the coming two years in France to meet surging demand for products that include the $10,000 Birkin handbag.
One facility will be located near Bordeaux and the other will be in the Paris region, Hermès said Monday. Each will employ about 250 workers.
Increasing production is a key aim for Paris-based Hermès as it seeks to reduce waiting lists for its signature handbags. After being largely insulated from a slowdown in luxury consumption in 2015 and 2016, the company is trying to respond to a rebound in demand for high-end goods by training leather workers and adding new sites. The company already expanded its production capabilities earlier this year in France.
The latest moves come as President Emmanuel Macron is pushing through economic reforms and slashing corporate taxes. The changes have helped lift French business confidence to its highest in almost a decade, while unemployment has dropped by about 1 percentage point since the beginning of 2015, to about 9.5 percent.
By Mark Deen; editors: Fergal O'Brien, John J. Edwards III and Eric Pfanner.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.