Is Hermes Private or Public?

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Are you wondering whether Hermes is a private or public company? Let’s dive into the details to understand the ownership of this iconic luxury brand.

Overview of Hermes

Hermes is a French luxury goods brand that was first established in 1837 by Thierry Hermes. The brand is famous for its high-end fashion products, including leather goods, scarves, ties, watches, and perfumes. Over the years, Hermes has become one of the most coveted brands in the world, known for its exceptional craftsmanship and timeless designs.

Ownership Structure of Hermes

Hermes International S.A., commonly referred to as Hermes Paris, is the parent company that owns and operates all the subsidiaries of the Hermes Group. The company has a unique ownership structure that distinguishes it from other luxury brands.

The majority of shares in Hermes International S. are held by members of the founding family. The descendants of Thierry Hermes own around 75% of the company’s shares through their holding company named Emile Hermes SARL.

The remaining shares are publicly traded on various stock exchanges worldwide. However, unlike other publicly traded companies, the remaining shares are widely dispersed among institutional investors and small shareholders rather than being controlled by a single large shareholder or group.

Hermes’ Approach towards Corporate Governance

Hermes Paris has a unique approach to corporate governance that reflects its family-owned roots. The company believes in preserving its heritage and values while ensuring long-term growth and sustainability.

To achieve this goal, the company has established an independent supervisory board that oversees all major decisions taken by management. This board comprises both family members and independent directors who bring diverse expertise and experience to the table.

Moreover, to maintain transparency and accountability, Hermes Paris publishes an annual report that outlines its financial performance and sustainability initiatives.

Conclusion

In conclusion, Hermes is a luxury brand that has a unique ownership structure. While the majority of the company’s shares are held by members of the founding family, the remaining shares are publicly traded. However, unlike other publicly traded companies, Hermes’ remaining shares are widely dispersed among institutional investors and small shareholders.

The company’s approach towards corporate governance reflects its commitment to preserving its heritage and values while pursuing long-term growth and sustainability. As such, Hermes is a fascinating case study for anyone interested in understanding the interplay between family ownership and corporate governance in the luxury goods industry.

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