French leathergoods brand Hermès has bucked the trend and reported a rise in first-half revenues, with growth in all regions.
Sales of €8 billion were up 8% on last year, with the leathergoods and clothing divisions propping up declining sales in watches and perfume.
Asia excluding Japan posted 3% growth in the second quarter. Sales in Japan grew 16% and sales in the Americas increased 12%.
The Leather Goods and Saddlery house grew 12% thanks to the increase in production capacities. The growth will continue when the company opens another leathergoods workshop in L’Isle-d’Espagnac in September, and then workshops in Loupes (Gironde) next year and Charleville-Mézières in 2027. It will open a 10th leathergoods hub in Normandy with a new site to be inaugurated in Colombelles by 2028.
Hermès increased its workforce by more than 500 over the first six months of the year, including 300 hires in France. At the end of June 2025, the group employed 25,700 people. The house in February distributed a €4,500 bonus to all its employees worldwide for 2024.
Axel Dumas, chairman of Hermès, said: “The solid first-half results across all regions reflect the strength of the Hermès model. We will continue to invest and recruit to ensure the group’s sustained success.”
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