How can you buy Hermès shares?
Hermès is a well-known producer of luxury goods. As global wealth continues to rise, a company like Hermès can increase its profitability in the long term. Are you curious how you can invest in Hermès shares yourself? On this page we discuss how and where you can buy Hermès stocks.
Where can you buy Hermès stocks?
Hermès can take advantage of status-oriented societies where wealth is growing. A good example of this is China: new, rich Chinese people like to show off their wealth by buying the expensive products of a brand like Hermès. Are you confident about the future growth of the company? In that case, it can be interesting to invest in Hermès shares by buying them.
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The price of a share like Hermès can fluctuate a lot. When the demand for luxury products increases, the stock price rises. At the same time, dips in sales can put pressure on the company’s share price: this happened, for example, when countries went into lockdown because of the corona pandemic.
By actively trading in Hermès shares, you can capitalize on the latest trends. At Plus500, you can try trading Hermès stocks with CFDs for free and without risk. Use the button below to open an account at Plus500:
What is the stock price of Hermès?
Are you curious to know how the price of Hermès shares develops? In the chart below you can see immediately at what price you can buy and sell CFD stocks Hermès:
The French fashion house Hermès stands for class, craftsmanship and 100% made in France. The hand-made products are of the very best quality. Well-known products are the Kelly and Birkin Bags and the silk scarves. The famous fashion designer Jean-Paul-Gaultier designed collections for this fashion house from 2003 to 2011.
The company was founded in Paris in 1837 by Thierry Hermès. The company began as a saddlery, producing saddles for wealthy families. At the end of the 19th century, the nobility took up travelling as a new hobby, which made travelling by horse less popular. Hermes then introduced products that were necessary for travelling, such as cabin trunks and bags. These new products also had to meet high standards: the elite of Europe appreciated the high quality.
The company’s collection continued to expand. In 1920, the company started offering watches and jewellery. Other products offered by the company are shoes, ties, perfumes and home accessories.
Hermès opened shops all over the world. The Flagship of the company is still the shop on the rue de Faubourg Saint Honoré in Paris. World stars such as Grace Kelly, Audrey Hepburn, Jacqueline Kennedy and Brigitte Bardot belong to the clientele of this famous fashion house.
Hermès is doing well
In March 2019, the company announced its 2018 results. Hermes then, unlike many other luxury brands that are experiencing declining sales, is doing well. The company’s sales increased by 7.7 percent in 2018. Hermès is optimistic about the future. The higher sales and higher profits are mainly due to the many Asian customers.
Do you think Hermès will manage to make more profits in the increasingly wealthy Asian market in the future? In that case, it might be interesting to buy Hermès shares.
Turnover growth in third quarter
Turnover growth returned in the third quarter of 2020. In the shops, revenue growth in the third quarter was 12 per cent. The shops in Europe had to deal with far fewer tourists, which was partly compensated by local purchases.
In Asia, the third quarter was successful. Sales rose by 29 percent. This increase in turnover is mainly due to the increased number of online sales. In America, sales decreased by 29 percent. According to the company, this is mainly due to the closure of shops in Hawaii.
This is also a good opportunity for Hermès, which may continue due to the corona pandemic: by increasing its position on the Internet, people can buy the company’s products more easily.
When I was 16, I secretly bought my first stock. Since that ‘proud moment’ I have been managing trading.info for over 10 years. It is my goal to educate people about financial freedom. After my studies business administration and psychology, I decided to put all my time in developing this website. Since I love to travel, I work from all over the world. Click here to read more about trading.info! Don’t hesitate to leave a comment under this article.