Hermès - Registration Document 2016

2016 REGISTRATION DOCUMENT

HERMÈS INTERNATIONAL

OVERVIEW OF THE GROUP

ACTIVITY BY SECTOR

Winter sees a contrast between a palette of whites and a range of warm

tones, rosewood, tobacco and burgundy. Heels are in a range of shapes,

pyramid, straight or semi-wedge. Court shoes or boots are made with

Tuscan calfskin, a structured, transparent leather which gains a patina

over time. The

Equator

“tattoo” print is transferred to leather and silk via

silkscreen printing, giving an assured silhouette.

The men’s collection lets the nature of the leathers shine, playing with

the different grains and matte and glossy finishes. In summer, the style

is relaxed: loafers and brogues with eyelets allow for freedom of move-

ment and spontaneity. Sports shoes combine supple, light materials and

contrasting colours, highlighting the summer ambiance: yellow, sky blue,

navy.

For winter, lace-up boots with a thick rubber sole combine comfort and

style. The stirrup-bar buckle on a brogue gives a nod to the equestrian

heritage of the house, while the sports shoes stay true to form with a

two-colour construction in supple suede goat leather on a sleek rubber

and leather sole.

1.3.4

SILK AND TEXTILES

Silk and Textiles represent Hermès’ third largest sector, accounting for

10% of sales. In 2016, this business line achieved revenue of €515

million, a slight decrease of 1%.

1.3.4.1

Women’s silk

In 2016, inspired by this year’s theme “

La nature au galop

”, women’s

silk inspired new designers, such as the South African potter’s collective

Ardmore Artists, with

La Marche du Zambèze

, or the Brazilian illustrator

Filipe Jardim, with

Modernisme tropical.

It also paid homage to the pain-

ter Robert Dallet, incomparable painter of the animal kingdom, with the

Panthera Pardus

and

Dans l’atelier de Robert Dallet

scarves.

As always, silk was a remarkable canvas for bringing different artistic

expressions to life. Focussing on colour, with an invitation to “colour-in”

on the

Mythiques Phœnix

and

Les Légendes de l arbre

scarves, which

are half multicoloured and half monochrome. Focussing on design,

reworked in positive or negative monochrome on the “tattoo” scarves

Jungle Love

and

Flamingo Party

. And focussing on the material itself,

with the Abeilles printed silk twill used for these last two motifs. This pre-

cious material, a historic speciality of the weavers of Lyon, is decorated

with small woven jacquard designs. In addition to the “tattoo” scarves, it

returns to the collection with a washed silk diamond-shaped wrap scarf

available in two sizes and a range of plain shades, as well as a bow tie

and a maxi-twilly scattered with polka dots.

For autumn-winter, the plain collection explores the artisanal expertise

and natural materials of faraway lands: Mongolian camel wool is com-

bined with cashmere in a soft stole finished with leather, while the giant

cashmere and silk

Plume

scarf is woven with a graphic motif inspired by

the ikat technique.

Finally, a new sizewas launched: a new smaller addition to themaxi-twilly

family. With its reduced length and two faces printed with designs from

the scarf and tie collections, it has bothmasculine and feminine aspects.

1.3.4.2

Men’s silk

Season after season, the 7 cm tie features in the collections. It is now

available on silk twill printed with classic or whimsical motifs, and on

heavy woven silk. In a nod to this year’s theme, it is also enhanced by

new floral micro-designs printed on silk twill.

The 100 scarf continues to be the classic size for the men’s collection,

and is available in a range of materials and designs. Silk and cotton for

the summer, cashmere and silk for the winter, it provides ample inspira-

tion for new equestrian, graphic or figurative ideas, such as the

And the

Winner is,

design, featuring a pinball machine fully outlined in ballpoint

pen, or the

Grrrrr!,

design, with a surprising close-up image of a bear.

The cashmere and silk diamond-shaped wrap scarf returns for the win-

ter, either plain or printed with the

Quadrige

design, unframed and bold.

1.3.5

OTHER HERMÈS SECTORS

The other Hermès sectors include Jewellery, the Art of Living and La Table

Hermès. In 2016, they achieved revenue of €336million, representing a

2% rise at constant exchange rates and accounting for 6% of the Group’s

total revenue.

1.3.5.1

Jewellery

2016 saw the launch of the fourth fine jewellery collection, celebrating

fifteen years of Pierre Hardy’s collaboration with Hermès.

To write this new chapter, Pierre Hardy worked around the concept of

time, a theme dear to the house. Three new pieces were launched:

Ombres et Lumière

, a river of pearls in subtle shades, from deep grey

to pearly white, symbolising grains of sand passing through an hour-

glass,

Attelage céleste

, a graphic piecemade of yellow gold and coloured

stones reminiscent of a sundial and the mechanics of time, and

Feux

du Ciel

, whose rows of fine colourful stones evoke the fleeting, elusive

beauty of sunrises and sunsets.

This collection was unveiled to the international press in July, at the

Faubourg Saint-Honoré store, in a futuristic setting created by French

artist and architect Didier Faustino. Named

HB-IV Continuum

, this event

showcased the spirit of continuity which characterises the unique style

of Hermès jewellery, exhibiting the new gold and, for the first time, silver,

pieces next to the fine jewellery collection. The exhibition opened to the

public in September.

The silver

Chaîne d’ancre

breaks away fromconvention: transgressing all

codes, it takes on a

punk

look, with the addition of a safety pin. Its pure,

precise lines are larger than life and some are enhanced by rose gold on

chains with multiple links. It demonstrates once again the Hermès agility

in giving a new twist to items to bring out all of their beauty.