HERMÈS - 2018 Registration document

1

Overview of the group

Activity by métier

The team of Hermès partner riders was pleased to welcome Karen Polle, a young Japanese equestrienne. These men and women representing twelve nationalities and five continents, young talents, Top 10 riders and recognised “masters”, are proud ambassadors for the Hermès saddle in three disciplines (jumping, dressage, eventing), helping to project the house into the future while anchoring it in its long past. READY-TO-WEAR AND ACCESSORIES The Ready-to-wear and Accessories métier is the Hermès Group’s second largest sector, representing consolidated sales of 22%. In 2018, it generated €1,310 million in revenue. Women’s ready-to-wear For the 2018 collections, Nadège Vanhée-Cybulski, creator of women’s ready-to-wear lines, gleefully broke with the traditional codes of clothing by reinventing tradition and sartorialism in a fun way. For the summer, essential items of the daily wardrobe were reworked with the notions of wearability and functionality in mind. Capes, diagonal cuts and new volumes are used to help feminise the figure. The timeless classics were given a minimalist reading, with clean cuts emphasising the beauty of the fabric: softness of double-faced cashmere for coats, fluidity of the hang for silk skirts and dresses, asymmetrical closures for items in grained leather. The history of the suit has also been rewritten, through a wardrobe that unites structured and bespoke pieces, sartorial or micro-jackets, double-breasted coats, overcoats with tailored collars, and more, in compact and comfortable fabrics: double cotton wool, wool and stretch cotton. Lastly, the Hermès Sport theme draws generous and enveloping lines in casual shapes: denim cotton jackets, multipocketed striped linen water repellent coats, parkas with print-lined gloss lamb hoods. For winter, lines are refined and nonchalant. The attitude is casual, the forms are supple and reassuring; comfort is paramount. The classics explore new uses, and take a fresh look at Hermès’ equestrian roots. The scarf frees itself from its traditional image by adopting a playful and sensual aspect. Motifs are decontextualised, divided into pieces or expanded and linked with graphic features to create modern and dyna- mic visuals. Hermès’ sporting codes are reflected in technical details and such innovative fabrics as double wool and water-repellent silk. Nadège Vanhée-Cybulski’s creativity also finds a voice in the construc- tion of clothing and the exploration of savoir-faire. The scarf is fashioned in diamond shapes, it is integrated into the garment by the cut, on a soft double-faced cashmere coat. Pieces are structured by a three-pleat detail that emphasises the waist, offering a new take on the silhouette. Men’s ready-to-wear To celebrate the year’s theme of “Play”, men’s ready-to-wear creator Véronique Nichanian has imagined collections that revisit the male war- drobe by playing with lines, the richness of fabrics, themix of colours and passion for detail. 1.4.2 1.4.2.1 1.4.2.2

The spring-summer collection offers sophisticated lines with big volumes, steeped in a sporting spirit. The chromatic scale contrasts base colours and bright tones caught in a game of hide-and-seek with each other. A puzzle collection, invented to reinvent itself and imbued with a sophisticated casual feel embodied by playful drawings, trompe l’oeil and Chaîne d’ancre links. The autumn-winter collection looks to the outdoors, with lines offering ample volumes and contrasting plays of natural and technical fabrics. Mineral tones respond to bursts of colour. The play of dots, the colourful contrasts, and the Endless Road and Brazilian Horses designs portray a winter that is as joyous as it is impertinent. With these two collections, Véronique Nichanian continues the explo- ration of a menswear wardrobe embodying a sense of relaxation and modernity. 1.4.2.3.1 Jewellery accessories The family of leather jewellery accessories is expanding with the arrival of new lines. Some are inspired by the codes of the House, such as rever- sible bracelets whose pyramid stud is transformed into an ingenious clasp, or bracelets with lacquered metal clasps echoing the bag and luggage collections. Others, in studded leather, assembled and sewn by hand, combine the equestrian influence and English eccentricity. Enamel celebrates 40 years of presence in the collections with a new item, the pendant, and a limited edition bracelet printed on both sides. The men’s enamel bracelet borrows the signature toad clasps of travel trunks. Leather bracelets experiment with different formats, created from the miniaturisation of belts. 1.4.2.3.2 Belts The range of single-size women’s belts continues to grow, with the arrival of two new models. One takes its inspiration from jewellery accessories, and bags and luggage. The other is inspired by a bracelet, as a tribute to the House’s goldsmith tradition, with its ingenious mechanism that turns the saddle key into a secret clasp. For men, a newwidth of 38mmhas joined the collections of unique belts waiting to be created. The buckles are a world in themselves, drawing their inspiration from watches, equestrianism or leather goods. 1.4.2.3.3 Hats Inspired again this year by enthusiasm for the cap, the collections offer a whole range of essential forms direct from America – baseball cap, flat cap and reversible cap. Hats come in straw for the summer and felt for thewinter, and offer subtle details in pleated silk, piped with leather or printed linings. 1.4.2.3.4 Gloves Men’s and women’s gloves offer a wealth of detail: criss-crossed straps, contrasted overstitching, mini perforations, sets of straps, ribbing and stirrup buckles. The customisation offer is still being rolled out and was a great success with customers in its third season. 1.4.2.3 Accessories

20

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL