Hermès

Hermès International S.A., commonly known as Hermès, is a French luxury goods house founded in 1837 by Thierry Hermès in Paris. The company began as a harness workshop supplying European riders and evolved into a global maker of leather goods, scarves, ready-to-wear, fragrances, watches, jewelry, and home furnishings. Hermès emphasizes artisanal craftsmanship, with many products produced in its own workshops in France and subjected to strict quality controls; the concept of savoir-faire is central to its brand.

History and development: From its equestrian roots, Hermès expanded in the 20th century into silk scarves, with the iconic Carré scarf lineup debuting in 1937. The brand is renowned for its storied bags, including the Birkin bag, named after Jane Birkin in 1984, and the Kelly bag, based on a 1930s Sac à dépêches and popularized after Grace Kelly’s association in the 1950s.

Products and operations: Its product mix includes leather goods (bags, belts, small leather items), silk scarves, ready-to-wear, fragrances, watches, jewelry, and home furnishings. Hermès maintains a strategy of vertical integration, limited production, and high price points, contributing to strong brand equity and resilience in the luxury market.

Corporate structure and market position: Listed on Euronext Paris as Hermès International S.A., the firm is largely controlled by the Hermès family through a holding company, ensuring long-term stewardship of the brand. Notable for its emphasis on heritage, discreet marketing, and exceptional customer service, Hermès remains a benchmark in traditional French luxury craftsmanship.