Hermes North America CEO on U.S. Market, M&A, E-Commerce

The transcript discusses Hermes' current manufacturing operations, emphasizing no plans to move production to the US but highlighting their commitment to expanding their retail network in the country. It explores the customer base, noting a strong local clientele and limited reliance on tourists. The retail strategy focuses on boutique-only sales, avoiding department stores. Financially, Hermes is cash-rich, focusing on reinvestment rather than acquisitions. E-commerce is a significant growth area, with a focus on maintaining in-house control over the online shopping experience.

What is Hermès' current stance on moving production to the United States?

• They are under pressure to move production to the US.

• There are no plans to move production to the US.

• They are planning to move production soon.

• They have already moved some production to the US.

What percentage of Hermès' US customer base is made up of local clients?

• 40%

• 20%

• 80%

• 60%

Where are Hermès products primarily available?

• Hermès boutiques

• Online marketplaces

• Supermarkets

• Department stores

What is Hermès' approach to e-commerce?

• They rely on third-party platforms.

• They have not invested in e-commerce.

• They manage e-commerce internally.

• They only sell through department stores.

How does Hermès plan to use its financial resources?

• By acquiring other companies

• By reinvesting in the company

• By distributing dividends

• By reducing production