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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
15
OVERVIEW OF THE GROUP
1
ACTIVITY BY SECTOR
1.3
ACTIVITY BY SECTOR
2016
CA in millions
of euros
2016
mix in %
2015
CA in millions
of euros
2015
mix in %
Changes
At current
exchange rates
At constant
exchange rates
Leather Goods and Saddlery
2,604
50%
2,274
47%
14.5%
14.0%
Ready-to-wear and accessories
1,099
21%
1,101
23%
(0.1)%
0.2%
Silk and textiles
515
10%
521
11%
(1.1)%
(0.8)%
Other Hermès sectors
336
7%
332
7%
1.2%
1.6%
Perfumes
262
5%
241
5%
8.5%
8.5%
Watches
158
3%
163
3%
(3.2)%
(3.2)%
Other products
228
4%
208
4%
9.5%
10.1%
CONSOLIDATED REVENUE
5,202
100%
4,841
100%
7.5%
7.4%
1.3.1
LEATHER GOODS AND SADDLERY
Leather Goods and Saddlery, the original sector of Hermès, encom-
passes bags for men and women, clutches, briefcases, luggage, small
leather goods, diaries and writing objects, saddles, bridles and a full
range of equestrian products and clothing.
In2016, this activity represented50%of theGroup’s sales, with revenue
of €2,604 million, an increase of 14% at constant exchange rates.
Saddlery and leather goods articles are born of an alchemy of authen-
tic materials, selected according to rigorous standards, and the skilled
hands of the saddler-leather workers, who apply traditional know-how
passed down from generation to generation. The time spent by the arti-
sans each day patiently crafting and fashioning the raw leather gives
these unique objects a distinctive additional measure of soul.
Today, production is ensured by over 2,900 saddler-leather workers
spread over 15 production units located in Paris, Pantin and various
regions across France. In response to sustained demand, in 2016
Hermès began building three new leather goods workshops, in Franche-
Comté, Normandy and Limousin. In this way, Hermès reaffirms its com-
mitment to regions with a strong manufacturing expertise, and its will to
provide quality jobs. These three choices of location have been prepared
and implemented in close partnership with the various local stakehol-
ders and regional administrative and economic development structures.
The house is also continuing to perfect the artisans’ skills and expertise
through a range of training and professional qualification programmes.
These programmes are delivered within the dedicated in-house Hermès
academy, and through a range of partnerships with training structures
in the regions concerned.
1.3.1.1
Bags and luggage
In 2016, the leather goods and saddlery collections sought a balance
between contemporary spirit and a desire to reflect the roots of the
house.
The
Verrou
bag, the reinterpretation of a mini clutch created in 1938 by
Robert Dumas, embodies the “everyday sublime” via its clasp inspired
by a horsebox bolt. Available in two versions (daytime and nighttime),
this structured bag with simple lines is the epitome of silversmithery,
leathercraft and saddlery expertise.
The
Bâton de Craie
line is inspired by a 1920s model. Its name refers to
its shiny clasp of clean, precise design, a simple baton made of metal,
horn, Dalmatian jasper or malachite, which slides through a leather loop.
Both the bag and mini clutch versions of
Bâton de Craie
have a very pure
silhouette and an inspired design, a series of curves and crisp lines.
Everyday comfort and functionality continue to be reflected in several
models designed for the active, urban wearer: a sporty-chic look with
the
City back
back pack, whose slender, ergonomic format allows for
freemovement, new, comfortable strapswith the cross bag and shoulder
bag versions of the
Cityslide
line, or even the easy transport of essential
items – laptop, tablet and smartphone – with the leather and felt wool
Toodoo
organiser. For women, the
GR24
back pack combines comfort
and appeal, while the
Maxi box
shopper, whose reinforced corners are
inspiredbyretrotraveltrunks,providesgenerouscapacityandapractical
shoulder strap. For those undertaking longer journeys, the new
Wallago
luggage line is available in several sizes. From the small 35 model, with
its clever rear pocket which enables the user to slide it onto a wheeled
suitcase, to the large 53 model which has a comfortable strap, all are
designed to make the journey easier for every traveller.
2016 marked the début of a new material: the H Berlin canvas, which
has threewaterproof layers on the outside, evoking car hoods at the start
of the twentieth century. Both aspects are revealed on the
Col Roulé