[PDF] 2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS

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2019 UNIVERSAL REGISTRATION DOCUMENT

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2019 bears witness to the solidity of our artisanal model based on

balanced development across our métiers and regions. Though the decade has come to an end amid intense uncertainties and a general awakening to environmental and public health concerns, it is clear that Hermès' offering remains relevant and well-liked. This offering is based on the simple idea of creating objects designed to last. They are the fruit of mastering tried-and-tested know-how that is passed down and enriched through the generations, crafted from exceptional materials that embrace time and are nourished by it, ob jects whose aesthetics are born of function. This reality is one that we cherish and uphold. In the second half-year of 2019, we laid the foundation stone of our future Montereau manufacture, and we are pre paring to open the Guyenne workshop later this year. Our collections have been a great success with our customers both long-standing and new, as confirmed by our results; our c ommitments have become more visible with the signature of the Fashion Pact; and we continue to extend and embellish our exclusive distribution network with confidence in our own future and that of our markets, which, with the recent addition of Polan d, now total forty-five. So we are right to stay confident, while remaining firmly anchored in ou r reality. Without distracting us from our path, but adjusting to our environment, our drea ms - since this was our theme for 2019 - drive us ever onwards and contribute to the desirability and performance of our business model.

Axel Dumas

EXECUTIVE CHAIRMAN

Émile Hermès SARL

EXECUTIVE CHAIRMAN

REPRESENTED BY HENRI-LOUIS BAUER

MESSAGE FROM THE EXECUTIVE MANAGEMENT

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