Hermes breaches €300 billion (S$421.71 billion) market valuation as it outperforms rivals

Quick Summary:

Maker of Birkin bags continues to exceed expectations in challenging luxury market.

Hermès passed the €200 billion market value mark in 2023 and is now edging closer to the market capitalisation of larger rival LVMH.

Hermes said it would continue to grow at constant exchange rates in 2025 and that it was starting the year with “confidence” despite the uncertain economic and geopolitical environment.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Sales Luxury Market Breaches €300 Year Cent Hermes 2024 Company Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-15 @ 16:29:46 (6 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26164962

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 40 minutes ago

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Publisher ID: #27

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