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.
One facility, which will be located in Charente, in the municipality of L’Isle-d’Espagnac, will open in 2025, while the other will be in Gironde, in the municipality of Loupes, and will open in 2026.
The new workshops in Gironde and Charente will create about 500 new jobs, the luxury goods company said in a statement Tuesday. Three other leather new goods sites from Hermès are currently under construction in Tournes, Cliron and Riom.
Hermès is ramping up its leather goods production in response to consumer demand, although the company limits the growth of its leather goods. Hermès sales growth dipped last quarter, as its self-imposed production limitations kept the company from hitting industry forecasts.
”Contrary to what people may think, we’re always very sad when we have to say to our customers, ‘no’, because we don’t have [enough bags],” executive chairman Axel Dumas told reporters last month.
Learn more:
Tracking the Evolution of Hermès
Hermès’ timeless positioning has helped sales bounce back ‘as if the pandemic never happened.’ That doesn’t mean change isn’t afoot at the iconic French luxury house.
The recent banking drama, starting with Silicon Valley Bank earlier in the month and spreading to Credit Suisse Group AG last week, has roiled markets, sparking fears of further contagion.
His redefinition of contemporary portraiture is just one facet of the young photographer’s stunning body of work, writes Tim Blanks.
Traditional auction houses like Christie’s, Sotheby’s and Philips — known for selling Warhols, Picassos and antiques — are using Birkins and Jordans to cultivate their next generation of collectors.
With the UK no longer offering tax breaks to international shoppers, customers are instead flocking to Paris and Milan.