Pins matching company:Hermès

Tina Cavalleri, Mark Glinoga and Mengyao Yang filed a proposed antitrust class action in San Francisco federal court, accusing Hermès of forcing customers to buy other Hermès products before it will sell them a Birkin or Kelly bag.

U.S. District Judge James Donato dismissed with prejudice the Sherman Act claims that Hermès illegally tied Birkin bag sales to other purchases, ruling the plaintiffs never defined a viable product market or showed harm to competition.

Hermès inaugurated its 24th leather goods workshop in France, a 5,800-square-metre site in L'Isle-d'Espagnac that will ultimately employ 260 artisans making Kelly and Birkin bags, creating 300 local jobs.

Hermès' 2025 consolidated revenue reached €16.0 billion, up 9% at constant exchange rates, with recurring operating income up 7% to €6.6 billion and an operating margin of 41%.

Hermès' consolidated revenue reached €8.2 billion in the first half of 2026, up 6% at constant exchange rates, with recurring operating income of €3.4 billion, 41.0% of sales.

Hermès opened a roughly 5,000-square-foot boutique at 111 North 6th Street in Williamsburg, Brooklyn, its 44th store in the United States, designed by the Paris agency RDAI in a converted brick building.

Hermès' financial calendar sets 22 October 2026 for its next scheduled disclosure, third-quarter 2026 revenue, after a first half in which sales grew 6% at constant exchange rates.