HERMES_REGISTRATION_DOCUMENT_2017

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OVERVIEW OF THE GROUP

ACTIVITY BY SECTOR

to keep cards, telephones and tablets. As for the new cardholders for men, which are even more slim, they combine being ultra-compact with functionality and a large capacity. Equestrianism 2017 confirmed the success of the Hermès saddle and its three latest models: Hermès Cavale, Hermès Allegro and Hermès Arpège. Consequently, the Faubourg saddlery workshop has taken on new craftsmen in order to develop its manufacturing capacity. The bridle business continues to bemodernised and is expanding its col- lections with ultra-supple reins, single strand dressage stirrup leathers together with a halter, mixed ergonomic bridles and straps for the greater comfort of the horse. The rider also benefits from cutting-edge innovations, notably an ultra stretch jacket that is totally waterproof thanks to a seamless assembly, and anatomical riding breeches that improvemuscular performance and facilitate recovery thanks to their targeted compression properties. Hermès’ colours have been represented 25 times on the most beautiful international competition courses with, in particular, a first showing at the legendary Jumping de La Baule event. In parallel with this involve- ment, the mobile store is experiencing growing success – it has become the third largest sales channel in volume terms – while the riders’ lounge is now a much anticipated meeting place for professional horse riders. Each of these privileged encounters with the equestrian world allows Hermès to highlight its saddle making expertise, to develop its technical sales and to offer a unique and original experience to its clients. Finally, Hermès is pleased to welcome two new riders as its partners this year: Jérôme Guéry for Belgium and Abdelkebir Ouaddar for Morocco. READY-TO-WEAR AND ACCESSORIES The Ready-to-wear and Accessories sector is the Hermès Group’s second largest sector, representing consolidated sales of 21%. In 2017, it generated €1,181 million in revenue. Women’s ready-to-wear Nadège Vanhée-Cybulski, creator of women’s ready-to-wear, is moder- nising the classics and bringing a touch of urban modernity to them, leading to an elegance that is always natural and relaxed. For the summer, the silhouette is inspired by the end of the 1930s and offers self-coloured or print dresses, with an accentuatedwaist in flowing fabrics. Clothing is interpreted in terms of its function: college-style jacket and trouser suit for the beginning of the season, milled cotton drill denim decorated with contrasting stitching for contemporary urban use. Theexceptional summer leather reveals genuine technical prowess: bright lamb leather or calfskin pieces that show a remarkable finesse and lightness, perforations depicting an interplay of shadows and light, silk and lamb leather combinations for a different summer’s evening. 1.3.1.3 1.3.2 1.3.2.1

Many models from the Hermès archives have demonstrated that they can keep up with the times. Fortunio is the re-issue of a clutch bag from the 1930s with a finely engraved clasp that has a clever mechanism allowing access to two internal compartments separately. For its part, the world of travel has seen the reappearance of the RD bag named after its creator Robert Dumas. Particularattentionhasbeenpaidtothegreatclassics,whicharestill just as desirable. The Kelly bag has a handle in the style of a bridle browband, inbraidedor embossed leather. The Birkin , Kelly and Constance bags are breaking new ground by using canvass printed with an equestrian chain design inspired by a number of objects in the Emile Hermès museum. The new Bolide 1923 bag rediscovers the blueprint of its original version and gives it a contemporary interpretation. Finally, a huge range of straps invites a second look at all of the bags: the Cavale belt, with its braided leather strap, the Etiquette version bearing the initials of its owner or a more prestigious version yet in studded box calfskin. Themen’scollectionscontinuethefeeloftheactive,urbaneandnomadic man. The Cityslide line offers an adjustable volume pouch and pocket, thanks to an ingenious zipper system inspired by a cartridge belt. With their sleek lines, the Citynews bag and briefcase reveal a number of func- tional details such as zipped pockets and a detachable strap. The more formal Cityhall family has been expanded by a new clutch punctuated by its signature closure, while there is a new version of the Sac à Dépêches of more refined size. Finally, the Hapache clutch explores a new hybrid scope, between a bag and small leather goods, with its adjustable and ergonomic shoulder straps, inspired by the male wardrobe. Diaries, small leather goods and writing objects The formats and uses of small leather goods continue to evolve, com- bining aspects of practicality, elegance and escapism. Like the women’s line inspired by the house’s equestrian heritage com- prising a long wallet, change purse and a key holder whose construction is based on the use of overlaid edging evoking horse blankets. It uses Villandry calfskin, a new leather that is smooth with a delicate gloss and dappled transparency, offering a supple and soft feel. Small leather goods is also inventing new uses with the original combina- tion of two silk-lined wallets, one compact and the other a larger model that can be carried on the shoulder thanks to a thin removable strap. This hybrid model introduced a 1960s inspired closure with a push-button closure decorated with an engraved H. The new line of accessories, with its small-sized object, distils the savoir- faire of the house. Thus, a 1920s dog collar from the Emile Hermès museum appears in miniature form as a key ring with an emphasis on silversmithing and jewellery and metallic decoration. Or again a trunk handle from the end of the 1920s becomes a diamond-shaped key ring which is embellished by a leather casing. The great classics are changing to adapt to contemporary uses. This is demonstrated by the zipped clutch which comes in a large format in order to protect tablet computers, or diary covers with additional spaces 1.3.1.2

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL