Month: February 2022

Hermès, a victim of its own success?

Hermès reported an outstanding 2021 financial year with growth of 41.8% reaching €8.9 billion, an exceptional operating margin of 39.3% and a net profit of €2.4 billion, up 76.5% (+60% over two years). As executive chairman of the luxury group, Axel Dumas, summarized, “after 185 years of history, we are having the company’s best year […]

CONTINUE READING Hermès, a victim of its own success? 3 min read

François-Henri Pinault highlights key elements in Kering’s financial performance

In 2021 all Kering-owned brands saw their sales surpass those of 2019. This comes as excellent news for François-Henri Pinault (CEO of the French group that owns Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and Boucheron) who expressed his satisfaction during the presentation of the annual results and during an in-person press conference at […]

CONTINUE READING François-Henri Pinault highlights key elements in Kering’s financial performance 8 min read