22 / 330
2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
22
OVERVIEW OF THE GROUP
1
ACTIVITY BY SECTOR
or crystal, ready-to-wear or furnishing fabrics, metal pieces, etc. – are
given a new lease of life by leather/saddler artisans, silverware experts,
designers, master glassmakers and porcelain-makers, bootmakers, etc.
This direct dialogue between ideas and artisans, using the material as a
source of inspiration, leads to invention and unusual, innovative objects.
This dynamic has been enriched this year with a cooperation with the
Belgian design duo Muller van Severen, presented in June at the D’Days
design festival.
Moreover, like each year, petit h went in pursuit of Hermès customers
all over the world, with two flash sales. For three weeks in November,
the Geneva store was transformed by a set designed by students of the
Haute école d art et de design
in Geneva (HEAD). In December, petit h
invaded the ground floor of the Maison Hermès in New York, with its
alternative vision of “Santa’s workshop”.
Nomadic by essence, petit h nevertheless retains a permanent home
at the entrance to the store on rue de Sèvres, Paris, where a selec-
tion of objects is presented throughout the year, with regular creative
workshops open to all.
1.3.8.8
Shang Xia
Chinese design brand Shang Xia seeks to make contemporary art of
living available to its clients through simple, timeless objects that create
a link between tradition andmodernity, and Chinese culture and western
culture.
2016 saw the expansion of the collections, with each object family offe-
ring a deeper and more varied range.
New two and three-seater sofas were added to the
Da Tian Di
furniture
collection. Their design, which continues to be inspired by certain details
of the Ming style, combines comfort, aesthetics and modernity, by com-
bining refined materials, walnut, leather and fabric.
The new
Man Yue
bag was presented for the first time this year. The
woven leather surface is reminiscent of the woven bamboo used in the
Qiao
tea service.
2016 also saw the launch of exceptional objects combining innovation
and heritage, notably a carbon fibre table covered with a boluo lacquer
finish, an ancient technique which has almost become obsolete, and
encrusted with gold flecks.
1.3.9
PARTNERSHIPS
1.3.9.1
Faubourg Italia
In addition to its tableware and art of living collections, Hermès offers
a complete range for the home that includes furnishing fabrics and
wallpapers. The latter are developed in partnership with the Italian
fabric producer Dedar, which also controls international distribution. A
joint subsidiary, named Faubourg Italia, was created in 2011. Hermès
International holds 60% of its share capital.
1.3.9.2
J3L
Hermès holds 30% of the share capital of J3L, a long-standing French
supplier of the Group, specialising in metal parts destined principally for
leather goods and fashion accessories.
1.3.9.3
Perrin & Fils
Holding Textile Hermès has a 39.5% stake in the share capital of Perrin
& Fils. The Perrin Group specialises in weaving for a range of sectors as
diverse as lingerie, furnishing fabrics, ready-to-wear and accessories.
1.3.9.4
Vaucher Manufacture Fleurier
La Montre Hermès holds a 25% share in the capital of Vaucher, the
watchmaking production unit.
Located in the heart of traditional watchmaking territory, between
Neuchâtel in Switzerland and the French border, the Vaucher production
unit perpetuates superior know-howandproduces high-endandprestige
watch movements.
1.3.9.5
Bettina
Hermès holds a 40% share in the capital of Bettina, a long-standing
partner of the Group. The company specialises in the production of twil-
laine, a unique blend of knit and silk, and operates in the ready-to-wear
sector, but also in silk, textiles and the art of living.
1.3.9.6
Maison Pierre Hardy
In July 2016, Hermès took aminority stake in the capital of Maison Pierre
Hardy (33%), a French shoe and fashion accessory design house direc-
ted by Pierre Hardy, its founder and artistic director. This partnership
further strengthens the links between Hermès and Pierre Hardy, creative
director of shoes and jewellery at Hermès.