In 2021, Hermes鈥?revenue will rise by 42% year-on-year to 8.982 billion euros, its operating profit will rise by 78% to 3.53 billion euros, and its net profit will increase by 77% to 2.445 billion euros. Leather goods such as handbags are still the main source of income for Hermes, up 28.9% year-on-year to 4.091 billion euros. Louis Vuitton gives the Hermes Birkin a run for its money with an alligator skin handbag which costs $55,000 Luxury companies make a lot of money, thanks to the Chinese market. According to the “2021 China Luxury Market Report” released by Bain & Company in January, despite the severe global social and economic challenges, the luxury market in China (excluding Hong Kong, Macao and Taiwan) will continue to maintain rapid growth in 2021, and some brands The growth rate exceeds 70%. Current Location: Language Tips> Bilingual News
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His design style is very fusional, often reinterpreting classic clothing, injecting it with a strong sense of the future, or mixing some seemingly contradictory elements together.
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On social media, as a celebrity designer who was once in the limelight, Nicolas also lost far behind the brand’s latecomer Virgil Abloh in terms of topicality.
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During his tenure from 1997 to 2013, Nicolas completely transformed the dying old brand, founded in 1917, into a contemporary luxury brand recognized by the industry.
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The use of these crocodile skins has also sparked controversy. This summer, several members of the animal rights protection organization People for the Ethical Treatment of Animals (PETA) sneaked into a “alligator factory” that provides crocodile skins for Herm猫s as undercover agents, exposing the terrible environment in which these crocodiles live.
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The Italian-made splurge was the priciest item in an already extravagant line – and the twins managed to attach even heftier price tags after collaborating with artist Damien Hirst a year later.
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