Hermes Corporate

  1. From Women's Wear Daily

    PARIS — Hermès International said its Japanese president, Mineaki Saito, would become its new Paris-based executive vice president in charge of marketing, effective Aug. 1.

    Saito's post is a new one in charge of "value creation," customer relations and "any new activities in the future in the area of service," said Patrick Thomas, chief executive officer. "We have a value strategy instead of a volume strategy ....[Saito] is a man of vision and a strategic thinker."

    Saito, who had headed Hermès' Japanese business since 1998, will also become a non-executive chairman of Hermès Japan.

    Masao Ariga will succeed Saito as president of Hermès Japan effective Tuesday. Ariga joins Hermès from LVMH Moët Hennessy Louis Vuitton, where he was president of Loewe Japan Co. and a director of Louis Vuitton Japan. Before that, Ariga had more than two decades of experience in the retail business at Isetan Co. and Barneys New York.

    Japan is Hermès' largest market, accounting for 24 percent of sales last year, but also its slowest growing, with 2007 sales rising 2.8 percent at constant exchange.

    Thomas voiced confidence the company's fortunes would improve there once economic and currency woes ease. "Very quickly we should come back to a reasonable growth rate in Japan," he said.
  2. Love the info beaumonde, thankyou
  3. Thanks for sharing.
  4. interesting article thanks for sharing
  5. Interesting that the new pres of Hermes Japan comes from LVMH. I just finished reading "Deluxe: the Death of Luxury" by Dana Thomas. Boy, what an eye-opener! I now understand why I had become so disillusioned by Vuitton! I hope this new person doesn't bring of ideas from LVMH - they truly started the "death of luxury". I highly recommend this book to all. Hermes comes out looking VERY good in it, although at the time the author researched the book, Hermes was telling her that most Hermes bags are special ordered - not just a walk-in thing. I don't know when this changed, but it's sure not the case today - lots available in the stores and VERY few special orders allowed.
    India -- did you hear that LV is doing television adverts now?

    I need to pick up that book.....
  7. I got the name of the book wrong - it's "Deluxe: How Luxury Lost Its Luster". Sorry!!!

    It is a VERY thought-provoking book as well as a good read.
  8. I agree with India. I hope he doesn't bring LVMH ways with him. Hermes is unique in luxury goods.
  9. ^^ agreed. Deluxe is a fantastic book. Hoping H continues to buck the trend!
  10. Cheers to H keeping things exactly as they are.

  11. castorny, I agree with your post.