who owns hermes bags | Hermès Becomes the Second Most Valuable Luxury Company

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Hermès, the iconic French luxury brand known for its impeccable craftsmanship and timeless designs, has a rich history that dates back to 1837. Originally founded by Thierry Hermès as a harness workshop in Paris, the brand quickly gained recognition for its high-quality leather goods. In 1900, the firm introduced the Haut à Courroies bag, a specially designed piece for riders to carry their saddles with them. This marked the beginning of Hermès' foray into the world of handbags, setting the stage for the brand's future success in the fashion industry.

After Charles-Émile Hermès's retirement, his sons Adolphe and Émile-Maurice took the reins of the company and renamed it Hermès Frères. Under their leadership, Hermès continued to expand its product offerings and solidify its reputation as a luxury brand synonymous with elegance and sophistication. Emile-Maurice, in particular, played a key role in shaping the brand's identity and positioning it as a symbol of French luxury.

Fast forward to the present day, and Hermès has become one of the most coveted luxury brands in the world, with a loyal following of discerning customers who appreciate the brand's commitment to quality and craftsmanship. Central to Hermès' success is the Dumas family, who are the heirs to the $95 billion Hermès fortune and hold a majority stake in the company.

The Dumas family's connection to Hermès dates back to the early 20th century when Émile-Maurice Dumas, a descendant of the original founders, took over the reins of the company. Under his leadership, Hermès experienced significant growth and expansion, solidifying its position as a leading luxury brand. Today, Pierre-Alexis Dumas, a sixth-generation member of the Dumas family, serves as the artistic director of Hermès, ensuring that the brand's heritage and values are preserved and upheld.

The Dumas family's ownership of Hermès is a testament to their commitment to maintaining the brand's legacy and ensuring its continued success. Their dedication to quality and craftsmanship has helped Hermès become one of the most valuable luxury companies in Europe, with a market value that exceeds €300 billion.

In recent years, Hermès has outperformed its rivals in the luxury market, further cementing its status as a powerhouse in the industry. The brand's iconic Birkin and Kelly bags, named after actress Jane Birkin and Princess Grace Kelly, have become must-have items for fashion enthusiasts and collectors around the world.

Despite its popularity and success, Hermès remains a family-owned and operated business, with the Dumas family at the helm. Their commitment to excellence and innovation has enabled Hermès to thrive in an ever-evolving industry, setting it apart as a true symbol of luxury and sophistication.

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