15 February 2024

Strong growth for Hermès in 2023

Luxury group Hermès published its full-year results for 2023 on February 9, reporting revenues of €13.4 billion, up by 15.7% year on year.

Its leathergoods and saddlery business contributed €5.5 billion to the total, increasing by 11.8% year on year. Hermès counts sales of other leather items, including shoes, belts and gloves in its clothing and accessories category, for which it reported revenues of nearly €3.9 billion, an increase of 23.1% year on year.

Hermès said that sales in its own shops had increased by 20% and that its wholesale business had grown by 24% year on year, boosted by sales to tourists and business travellers.

Its sales in Japan rose by 14.5% year on year, reaching €1.25 billion, while revenues from the rest of Asia rose by 12.9% to bring in more than €6.25 billion.

Its business in the Americas delivered an increase of 17.1% compared to 2022, reaching €2.5 billion, with the group describing its performance there as excellent, especially in the second half of 2023. It said the idea of taking an itinerant exhibition of the skills and know-how of its artisans, Hermès In The Making, to the US had also been a success.

To read the rest of this article by Leatherbiz click on Hermes Results.

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We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.


We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.


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