Is the luxury brand Hermès International a listed company?

There are apparently more people walking around with Birkin handbags in 2021. Hermès International, the maker of the expensive handbags, recently reported record revenues. If you want to recoup some of the profits and invest in Hermès, you are in luck. Hermès is a listed company.

The article continues under advertisement

The French luxury brand Hermès International SCA is an OTC (over-the-counter) share listed on the Pink Current market under the symbol “HESAY”.

The company recently announced its revenue for the first half of 2021, which was 4,235 million euros ($ 4,980 million). That’s up 77% from 2020 and 33% from 2019 before the COVID-19 pandemic.

The article continues under advertisement

Source: Getty Images

“The results for the first half of the year are of an exceptional nature. But this performance also reflects the dynamics and resilience of our model, which places people, a source of creativity and innovation, as well as the requirement for absolute quality, at its core, ”said Axel Dumas, Executive Chairman of ‘Hermès, in a statement.

The article continues under advertisement

Hermès saw its activity rebound after the COVID-19 pandemic in 2020.

The increase in revenue was good news for a company that had to close stores and production sites in early 2020 due to the COVID-19 pandemic and global shutdowns. Hermès representatives say that despite the closures, the company maintained base jobs and wages for its employees, which helped when sales rebounded this year. The company also added around 400 employees to its workforce.

What is Hermès International?

Founded in 1837, Hermès specializes in leather goods, accessories, furnishings, perfumery, jewelry, watches and ready-to-wear. The mark appeared on the Forbes list of the most valuable brands in the world in 2019.

The article continues under advertisement

The famous “Birkin” handbag, which bears the name of actress Jane Birkin, is the most expensive bag in the world. The cost of a Birkin will set you back between $ 40,000 and $ 500,000.

Who owns Hermès?

Hermès International went public in 1993. The Hermès family owns around 65% of the company’s capital through holding companies and direct holdings. Rival luxury goods company LVMH, owned by billionaire Bernard Arnault, owns around 20% of the company’s shares. Although there are rumors that LVMH is looking to buy out Hermès, Arnault has repeatedly denied these rumors.

The article continues under advertisement

How to buy shares at Hermès International

If you are looking to buy Hermès International shares, you won’t find them on Robinhood. According to The Hermès International investor site, all of the company’s shares are managed directly by BNP Paribas Securities Services in France.

The article continues under advertisement

To become a shareholder, you must sign a service agreement to open a registered account. BNP Paribas Securities Services processes all orders to buy or sell shares.

How to invest in a Birkin

If you are looking to invest in a Birkin but don’t have $ 100,000, you may be able to buy a share in one of the bags on the collector’s asset investing site, Rally. Last year, Rally in partnership with the luxury retailer Privé Porter to offer 2,000 shares in a Birkin valued at $ 52,500. The shares cost $ 26.25 each.

Leave a Reply

Your email address will not be published.