Hermes is one of the most luxurious and prestigious fashion brands in the world. Established in 1837, it has been providing high-end products to its customers for more than a century. The brand is known for its exquisite craftsmanship, timeless designs, and excellent quality.
Hermes has a massive global presence with stores in almost every major city worldwide, including Dubai. However, many people are curious about who owns Hermes in Dubai. In this article, we will explore the ownership of Hermes Dubai.
History of Hermes
Before we delve into who owns Hermes in Dubai let’s take a brief look at the brand’s history. It all started when Thierry Hermes opened his first workshop in Paris in 1837.
Initially, he specialized in making high-quality harnesses and bridles for horses. However, as time went on, he expanded his product line and started producing leather goods like bags and wallets.
Over time, the brand gained popularity and became synonymous with luxury fashion items such as silk scarves, ties, jewelry, watches perfumes, and more. Today it is one of the most iconic brands worldwide.
Who Owns Hermes?
Hermes is a family-owned business that has been passed down from generation to generation since its inception. The current owners are descendants of Thierry Hermes himself.
The majority shareholder of the company is Pierre-Alexis Dumas (the great-great-grandson of Thierry). He holds a 6% stake in the company and serves as the artistic director at Hermes.
Other members of the family also hold significant stakes in the company. For instance, Axel Dumas (the sixth generation descendant) serves as CEO and holds a 5% stake alongside other family members.
Who Owns Hermes in Dubai?
Hermes has a strong presence in Dubai with several stores located across the city. However, the ownership of Hermes in Dubai is not different from the global ownership structure.
Hermes Dubai is owned by the Hermes Group, which is a family-owned company. The Dubai store operates under the same management and leadership as other stores worldwide, with Pierre-Alexis Dumas and Axel Dumas at the helm.
Conclusion
In conclusion, Hermes is a family-owned business that has been passed down from generation to generation. The majority shareholder of the company is Pierre-Alexis Dumas, who also serves as the artistic director at Hermes.
The ownership structure of Hermes Dubai is no different from the global ownership structure, with the store being owned by the Hermes Group. With its rich history and excellent quality products, it’s no surprise that Hermes remains one of the most respected and sought-after brands worldwide.
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Have you ever wondered who owns the luxury fashion brand Hermes? Well, let’s dive into it! The History of Hermes
Hermes was founded in 1837 by Thierry Hermes in Paris, France.
