Hermès has been operating a store at number 17 of this chic Rive Gauche street since 2010. The artfully laid out 1,300-square-metre space was entirely renovated in 2021. The listed Art Deco building home to the store is where the Lutetia Hotel had its swimming pool between the 1930s and 70s. According to CFNews Immo,
A year ago, Hermès made another major real estate operation in Paris, buying a 9,328-square-metre building at 11-15 Rue d’Anjou from Covivio for €230 million. CFNews Immo also reported that the label will soon open a new showcase in eastern Paris, at 102 Rue de Charonne (11th arrondissement), this time renting the property.
Hermès was founded in 1837, and currently operates 295 stores in 45 countries. It manufactures 55% of its products in its own factories, and is planning to open three new production sites for leather goods between 2025 and 2027, in the Charente, Gironde and Ardennes regions of France.
In H1 2024, Hermès generated a revenue of €7.5 billion, up by 12%, with net profit up by 6.4% to €2.37 billion.