Hermès is riding high on its $218 billion valuation, securing its position as the second-most valuable luxury brand in the world. Hermès luxury
unparalleled pricing power
and high demand for its handbags. Birkin prices start at roughly $8,500 and go all the way up to over $400,000 for rarer models. In keeping with its sustained high demand, Hermès will be opening a new leather manufacturing facility in Louviers, Normandy, on Friday. While Hermès has enjoyed exceptional success, the luxury market as a whole has been enjoying heightened post-Covid performance, with companies like Burberry and Hugo Boss AG also seeing recent growth. This growth in luxury shares has propelled Paris to the top spot as Europe’s premier stock market, outpacing previous top spot holder London.
With its market value now exceeding €200 billion, Hermès International has not only cemented its position as a powerhouse in the luxury sector but has also demonstrated the enduring appeal and resilience of high-end designer brands in times of economic adversity.
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