Share

Why Hermès Is Growing While LVMH And Gucci Decline

French luxury company, Hermès, has managed to achieve the ultimate goal of luxury: keep demand high and supply low. In its Q3 2024 earnings, the company posted double digit sales and revenue growth of 11% and 14% respectively. Competitors like LVMH and Gucci owner, Kering, were in the negative. Though the company is small, comprised only of one brand, it keeps up with the conglomerates, recording a higher price-to-earnings ratio than most of its rivals and a $233 billion market cap on October 24, 2024. Chapters: 0:00 Introduction 1:49 Chapter 1. A bet on exclusivity 4:12 Chapter 2. Beating competition 6:46 Chapter 3. Risks ahead Produced and edited by: Natalie Rice Animation by: Jason Reginato, Christina Locopo Edited by: Kevin Heinz Senior Managing Producer: Tala Hadavi Additional footage: Hermès, Getty Images, AP Photo, Reuters Additional sources: FactSet, Hermès
Sun, 27 Oct 2024 16:00:01 GMT

Related Videos

Trending Tokens

We and our partners collect information from your device, such as device identifiers, IP address, and your browser type to personalize and deliver content, marketing and advertising—across devices and platforms; for analytics and measurement, so we can improve our services and develop new ones; and for social features. By clicking “I accept”, you consent to our use of these Cookies. Visit our Privacy Policy to learn more.
YOUR USE OF THIS SITE SIGNIFIES YOUR AGREEMENT TO THIS PRIVACY POLICY.