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Apparel and accessories

Hermès 2019 revenue up 15.4pc to $7.47B, net profit at $1.66B

February 26, 2020

Hermès this week opened its new store in Kuwait at The Avenues, the second-largest shopping center in the Middle East. Image credit: Hermès Hermès this week opened its new store in Kuwait at The Avenues, the second-largest shopping center in the Middle East. Image credit: Hermès

 

By Luxury Daily News Service

French fashion and leather goods giant Hermès posted €6.88 billion ($7.47 billion) in revenue for 2019, up 15 percent at current exchange rates and a 12 percent increase at constant exchange rates.

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  1. Preparing to reignite your luxury business post-pandemic
  2. Fashion sites show slow signs of life after March drop-off
  3. Luxury executives expect shutdowns to go on for months
  4. Kering’s Pomellato, DoDo jewelry brands, with $109K donation, take stand against domestic abuse in housebound Italy
  5. Bloomingdale’s parent Macy’s teeters on edge, furloughs almost all employees
  6. Neiman Marcus Group, ravaged by COVID-19 lockdown, to furlough or cut salaries of most employees
  7. Marketing during the economic downturn
  8. 20 tips for luxury brands to remain relevant during the COVID-19 lockdown
  9. Luxury business, while resilient, likely to contract $66B to $77B in 2020
  10. Four Seasons, Belmond lure homebound consumers with virtual events
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