In luxury, there’s Hermès… and there’s everyone else. Stewarded by one French family over six generations, Hermès sells the absolute pinnacle of the French luxury dream. Loyal clients will wait years simply for the opportunity to buy one of the company’s flagship Birkin or Kelly bags. Unlike every other luxury brand, Hermès:
- Doesn’t increase supply to meet demand (hence the waitlists)
- Doesn’t loudly brand their products (IYKYK)
- Doesn’t do celebrity endorsements (stars buy their bags just like everyone else)
- Doesn’t even have a marketing department! (they barely advertise at all)
And yet everyone knows who they are and what they represent. But, despite all their iconoclasm, this is not a company that’s stood still for six generations. Unbeknownst to most, Hermès has completely reinvented itself at least three times in its 187-year history. Including most recently (and most dramatically) by the family’s current leaders, who responded to LVMH and Bernard Arnault’s 2010 takeover attempt by pursuing a radical strategy — scaling hand craftsmanship. And in the process they turned the company from a sleepy, ~$10B family enterprise into a $200B market cap European giant. Tune in for one incredible story!
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Links:
- See our episode page for visuals!
- The saddle stitch (video)
- Inside the Saddlery at the Faubourg
- Hermès 2022 Annual Report
- Axel Dumas Interview
- All episode sources
Carve Outs:
- Anker GaN Prime 100W charger
- Matter
- Perplexity
- The Score Takes Care of Itself
Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.
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정보
- 프로그램
- 주기격주 업데이트
- 발행일2024년 2월 20일 오전 1:56 UTC
- 길이4시간 7분
- 시즌14
- 에피소드2
- 등급전체 연령 사용가