Hermès offsets US export duty hike with price hikes
17.04.2025 3861

Hermès offsets US export duty hike with price hikes

Despite the challenging economic environment at the start of 2025, Hermès continues to gain momentum. In the first quarter, French luxury group Hermès reported revenues of €4,1 billion, up 9% (+7% excluding currency effects) compared to the same period last year, with growth in all regions.

“We have reached a record level, surpassing the very strong sales figures of the fourth quarter of 2024, including Christmas sales,” said the group’s chief financial officer Eric Algouet on a conference call with analysts. He also said the company intends to fully offset the impact of the new US tariffs by increasing selling prices in the United States from May 1 across all of the group’s business areas.


Despite the difficult economic situation at the beginning of 2025, Hermès continues to gain momentum. In the first quarter, the French luxury group Hermès reported revenues of 4,1 billion euros, which…
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