Hermès

Middle East sales at Hermès were down 5.9% year on year to €160m (£139m) in the first quarter ended 31 March 2026, at constant exchange rates.

Recurring operating profit at Hermès rose 7% year on year to €6.6bn (£5.7bn) for the 12 months to 31 December 2025.

French luxury house Hermès reported an increase in sales at constant exchange rates in the third quarter of 2025, rising 10% year on year to €3.9bn (£3.39bn).

French luxury house Hermès has named British designer Grace Wales Bonner as creative director of its menswear business, replacing Véronique Nichanian who stepped down on 16 October.

Véronique Nichanian, who has been artistic director of menswear at luxury brand Hermès for almost 37 years, is stepping down from her role.

Despite a downturn in the luxury sector, brands such as Miu Miu and Hermès are thriving by leveraging heritage, creative direction, cultural engagement and strategic pricing, luxury experts tell Drapers.