Number of Hermès employees worldwide 2002-2021
The French luxury goods manufacturer Hermès employed in 2021 a total of 17,595 people worldwide. This would be almost three 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 triple in 2020, that is, approximately 2.44 billion euros.
France not the core market of Hermès
Hermès’ total worldwide revenue leaped from 1.62 billion in 2007 to almost nine billion euros 13 years later, in 2021. It is important to notice that more than half of the worldwide revenue in 2021 was captured in the Asian-Pacific area. Further ten 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 2020, the House of Dior obtained eight percent of its revenue in France . In terms of revenue, Chanel also seemed to be a strong competitor in 2020. While Hermès’ global value of sales amounted to roughly 6.4 billion of euros in 2020, Chanel’s value of sales corresponded to nearly 10.1 billion euros .
France not the core market of Hermès
Hermès’ total worldwide revenue leaped from 1.62 billion in 2007 to almost nine billion euros 13 years later, in 2021. It is important to notice that more than half of the worldwide revenue in 2021 was captured in the Asian-Pacific area. Further ten 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 2020, the House of Dior obtained eight percent of its revenue in France . In terms of revenue, Chanel also seemed to be a strong competitor in 2020. While Hermès’ global value of sales amounted to roughly 6.4 billion of euros in 2020, Chanel’s value of sales corresponded to nearly 10.1 billion euros .
