Why Hermès Is Growing While LVMH And Gucci Decline

French luxury company, Hermès, has managed to achieve the ultimate goal of luxury: keep demand high and supply low. In its Q3 2024 earnings, the company posted double digit sales and revenue growth of 11% and 14% respectively. Competitors like LVMH and Gucci owner, Kering, were in the negative. Though the company is small, comprised only of one brand, it keeps up with the conglomerates, recording a higher price-to-earnings ratio than most of its rivals and a $233 billion market cap on October 24, 2024.

Correction:
0:58 - We misstated the company's share price. The correct share price is more than $2,200 a share.

Chapters:
0:00 Introduction
1:49 Chapter 1. A bet on exclusivity
4:12 Chapter 2. Beating competition
6:46 Chapter 3. Risks ahead

Produced and edited by: Natalie Rice
Animation by: Jason Reginato, Christina Locopo
Edited by: Kevin Heinz
Senior Managing Producer: Tala Hadavi
Additional footage: Hermès, Getty Images, AP Photo, Reuters
Additional sources: FactSet, Hermès

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Why Hermès Is Growing While LVMH And Gucci Decline
Luxury Battle: Hermes is now worth more than LVMH. LVMH-Aktie: CRASH! Einmalige Kauf-Chance oder Finger weg?. LVMH dévisse, Hermès passe première capitalisation du CAC 40 • FRANCE 24. LVMH Aktien JETZT kaufen? (Meine Meinung). LVMH Just CRASHED to a 5-Year Low… Buy the Dip or Run?. Tariffs Threat Weighs on Luxury: LVMH Sales Fall on Weak US, China Demand. LVMH shares sink as luxury giant's Q1 sales miss forecast. How Europe's Richest Man Cornered the World's Dumbest Market. How LVMH Became A $500 Billion Luxury Powerhouse. THE WORLD OF LVMH.