As for what’s coming up, Hermès points to the development of four more leather production facilities in France. Riom (Puy-de-Dôme) will be inaugurated in September 2024. L’Isle-d’Espagnac (Charente) is scheduled for 2025, Loupes (Gironde) for 2026, and Charleville-Mézières (Ardennes) for 2027. Whether this means we our favorite bags will be readily available remains to be seen, but if history is any guide, probably not.
Hermès continued its guidance 15-16% growth for the remainder of 2024, notwithstanding the pessimism written lately about the luxury industry. Dumas reflected that in a tough time, there is a flight to quality, from which Hermès benefits.
