Number of Hermès employees worldwide 2002-2017
The French luxury goods manufacturer Hermès employed in 2017 a total of 13,483 people worldwide. This would be more than 2.5 times the number of employees compared to the 5,361 people employed in 2002. Following the trend set by the growing number of employees, this company headquartered in the French capital, Paris, also increased its net profit from 421.7 million euros in 2010 to more than the double, that is, approximately 1.1 billion euros in 2016 .
France not the core market of Hermès
Hermès’ total worldwide revenue leaped from 1.62 billion in 2007 to almost 6 billion euros eleven years later, in 2018. It is important to notice that roughly 36 percent of the worldwide revenue in 2018 was captured in the Asian-Pacific area (excluding Japan). Further 13 percent of the revenue from Hermès was obtained in the French domestic market .
Other French producers of luxury goods compete with Hermès at a global and French domestic level
Hermès is not the only well-known successful French luxury good manufacturer. In the worldwide luxury goods market, brands such as Dior and Chanel represent a strong competition for Hermès. As of December 2018, the House of Dior obtained 10 percent of its revenue in France . In terms of revenue, Chanel also seemed to be a strong competitor in 2017. While Hermès’ global value of sales amounted to roughly 6.25 billion of euros in 2017, Chanel’s value of sales corresponded to nearly 9.62 billion euros .
France not the core market of Hermès
Hermès’ total worldwide revenue leaped from 1.62 billion in 2007 to almost 6 billion euros eleven years later, in 2018. It is important to notice that roughly 36 percent of the worldwide revenue in 2018 was captured in the Asian-Pacific area (excluding Japan). Further 13 percent of the revenue from Hermès was obtained in the French domestic market .
Other French producers of luxury goods compete with Hermès at a global and French domestic level
Hermès is not the only well-known successful French luxury good manufacturer. In the worldwide luxury goods market, brands such as Dior and Chanel represent a strong competition for Hermès. As of December 2018, the House of Dior obtained 10 percent of its revenue in France . In terms of revenue, Chanel also seemed to be a strong competitor in 2017. While Hermès’ global value of sales amounted to roughly 6.25 billion of euros in 2017, Chanel’s value of sales corresponded to nearly 9.62 billion euros .
