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Hermes International SCA Value Stock - Dividend - Research Selection

Hermes international

ISIN: FR0000052292 , WKN: 886670

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Description of the company

Hermes holds a unique position the luxury market, which was valued at €262 billion in 2017(source: Bain & Company's Global Luxury Study). The Group is therefore, relatively speaking, less exposed to general changes in the sector.

 

Today, the Group employs 13,483 people worldwide and has 304 exclusive stores, 212 of which are directly operated. Although it has achieved international stature, Hermes has never lost its human touch and continues its tradition of fine craftsmanship. Thierry Hermes, a harness-maker, set up business in Paris in 1837. Ever since, his descendants have worked together to develop the Hermes Group. In 1880, his son transferred the family business to its now-famous address, 24 Faubourg Saint-Honoré, where he expanded into saddlery. Soon, he was supplying saddles and harnesses to the stables of aristocrats all over the world.

 

In 1918, With the advent of the automobile, the founder's grandson, Emile Hermes, foresaw the coming changes in transportation and envisioned new lifestyles. He launched a line of fine leather "saddlestitched" goods and luggage. The Hermes style was born, and its field of activity has never ceased to grow.

 

Emile Hermes also accumulated a private collection of paintings, books and articles that were to be a source of inspiration for designers. During the 1950s, Emile Hermes' sons-in-law, Robert Dumas and Jean-René Guerrand, continued to diversify operations whilst safeguarding the brand's integrity, creating: clothing, jewellery, watches, diaries, Silk scarves and more...

 

Starting in 1978, With the help of other fifth- and sixth-generation members of the family, Jean-Louis Dumas brought renewed impetus to Hermes by expanding into new sectors and establishing a global network of Hermes stores.

 

28years later, in 2006, he entrusted the managementto Patrick Thomas and the company Emile Hermes SARL, while thWertistic directorship was passed on to Pierre-Alexis Dumas in February 2009.

 

Axel Dumas, a sixth-generation family member, was appointed Executive Chairman in 2013 alongside Patrick Thomas, Who subsequently left his post in January 2014. Axel Dumas is now in sole charge ofthe house. Today, Hermes applies its creativity to a wide range of sectors: leather goods and saddlery, men's and women's ready-to-wear, footwear, belts, gloves, hats, Silks and textiles, jewellery, furniture, furnishing fabrics, wallpaper, tableware, perfumes, watches and petit h.

 

International in scope, Hermes is characterised by superlative manufacturing inspired by the values of traditional craftsmanship, and remains a family firm With a uniquely creative spirit that is continuously renewed.

The Finanzoo GmbH assumes no liability for the accuracy of the information! All information is provided without warranty. Sources:: www.bundesanzeiger.de, www.sec.gov,


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