While most fashion houses are struggling with a market slowdown, Hermès closed 2025 with revenues of €16 billion (+9% LFL) and an operating margin of 41%. Fourth quarter? +10% LFL. First quarter of 2026? Another €4.1 billion and +6% LFL. While competitors are looking for savings, Hermès simply keeps growing.
The secret lies in something that Vogue describes as a …Read more





