Last Updated February 10, 2024

After Herme’s amazing reported another amazing fiscal quarter with revenues rising 21% to $14.4 Billion dollars - Hermes has now decided to raise the prices 8% on their products! This is not a new thing for Hermes to do, their infamous Birkin and Kelly bags go up 20% (estimated) a year so this is not surprising for the Hermes collector.

We are interested though that they are making their price increases much more public than they have before. We usually didn’t know a price increase was going to happen to until a few days or even after it had happened. Now Business of Fashion has already found out that the French fashion power house is going to push up those prices very soon if not immediately!

Did you think Hermes would raise their prices again?? COMMENT BELOW!