Editor’s Note
As Hermès announces record annual results, executive chairman Axel Dumas credits the brand’s enduring strength to a unique strategy focused on preserving its exclusive allure. This article explores how disciplined management of supply, craftsmanship, and brand mystique fuels the house’s remarkable resilience in the luxury market.
On the occasion of presenting record annual results, Axel Dumas, the manager of the French luxury group, attributed Hermès’s strong resilience to the group’s specific approach to its desirability.
In its 2025 review, the Federation of Commerce Stakeholders in the Regions notes the resilience of French shopping centers. However, the retail mix is evolving with the surge of beauty at the expense of ready-to-wear.
Ultra-fast fashion and second-hand now account for 6% and 19% of clothing volumes sold, respectively, according to the French Fashion Institute, which states that both phenomena are disrupting the perception of prices for new items.
While its revenue reached a record in 2025, the French luxury group announced a 1.72% decline in its net profit, penalized notably by the exceptional surtax applied to large companies.
The French brand placed itself under the protection of the Paris Commercial Court on January 23. After several years of losses, founders Yves and Serge Bensimon must restructure.
Balenciaga: Francesca Nardi joins the house alongside Gianfranco Gianangeli.
Borsalino: Future developments focused on Greater China.
At New York Fashion Week: Thursday with Michael Kors, Carolina Herrera and TWP.
L’Oréal: Former Inditex boss set to become vice-chairman of the board alongside a family heir.
Balibaris: Nathalie Haddad takes over as president after founder Paul Szczerba’s departure.
Shopify publishes encouraging quarterly forecasts.
Basicnet: In 2025, consolidated revenue exceeds 415 million euros.
Dresses, waistcoats, hats… Geneva Opera puts thousands of costume treasures up for sale.
The Bali Chair unveils its masterclass “Keys to Changing Fashion”.
Lectra maintained its position in 2025 thanks to its subscriptions.
Skims launches Everyday Cotton with Kylie Jenner.
L’Oréal: Sales reach 44.05 billion euros in 2025, but profitability slightly erodes.
Hermès: How Axel Dumas Protects the Desirability of the House.
Health & Beauty, the New Engine for Shopping Centers Facing Structural Decline in Apparel.
Between Shein and Vinted, the Fashion Market Faces the Risk of Market Pauperization.
Hermès: 2025 Revenue Reaches 16 Billion with a Profit of 4.5 Billion Euros.
Is Retail Out of Step with Its Technological Transformation Ambitions?
French e-commerce neared 200 billion euros, but fashion is lagging.
Climate Inaction Threatens 34% of the Fashion Sector’s Profits.
What Proposals to Rethink Urban Logistics?
B Corp Tightens Its Requirements to Strengthen Its Credibility.
How Dubai Fashion Week Leverages Regional Dynamics to Establish Itself as a Global Hub.
The Entire Etam Group Certified B Corp.
1. Antoine Arnault, the family “diplomat” who is carving his own path.
2. Kering, still weighed down by Gucci, sees its net profit plunge.
3. Hermès: 2025 Revenue Reaches 16 Billion with a Profit of 4.5 Billion Euros.
4. Destruction of Clothing Banned for Large Companies from July.
5. Bensimon Enters Judicial Restructuring.