Mahe, Seychelles, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Beldex, a leader in privacy-centric blockchain technology, is set to launch the Hermes hardfork around September 5, 2024, at block height 3546545. Following the success of the Bern hardfork, Hermes represents a pivotal advancement in Beldex's mission to enhance network performance, interoperability, security, and decentralization. Advancing Privacy and Interoperability The Hermes hardfork, named after Hermes, the god of speed and communication, introduces ...

Still, there's more going for Hermès than not. The company's fundamentals are surprisingly strong, even considering that Chinese consumers have turned shy when it comes to luxury. Double-digit revenue growth, rising profits and robust margins all work in its favour. Additionally, HESAY's reduced P/E from last year indicates that there can be further upside to it moving forward. At the same time, the luxury market slowdown can't be taken lightly, especially when it has shown up starkly in some of its segment ...

So for the second quarter, regarding communication expenses, we expect to spend as I mentioned before around â¬650 million, which means an acceleration versus Q1 in the -- versus the first half of the year. In the first half some events in Greater China have been postponed to the second half of the year. Regarding overheads, in general for the time being, we have a little bit reduced the pace of recruitment. However, we need to reinforce our support functions. And we -- as I mentioned in our presentation, w ...

2024 FIRST-HALF RESULTS Local production 74% of objects produced in France C R E A T I O N A N D S A V O I R - F A I R E E M P L O Y M E N T A N D R E S P O N S I B I L I T Y Multi-local and exclusive 295 stores in 45 countries At the end of June 2024 • Enrichment of the leather goods collection with the models Della Cavalleria Élan and Kelly Mini clouté • Launch at the end of June of the eighth collection of Haute Bijouterie, Les formes de la couleur › L'Isle-d'Espagnac (Charente), scheduled in 2025 V E R ...

ToplineHermès—the coveted Birkin and Kelly bag maker—reported a 17% jump in first-quarter sales Thursday on the back of strong leather goods sales and Chinese demand, bucking the global luxury slowdown.The French luxury house posted strong quarterly sales growth across all geographic areas, including ... [+] China.© 2024 Bloomberg Finance LP Key FactsFirst-quarter revenue rose 17% from the previous year to $4.1 billion (€3.8 billion), with all geographical areas posting double-digit growth, topping FactSet’ ...

Robert Way Investment action Based on my current outlook and analysis of Hermes International (OTCPK:HESAY) (RMS), I recommend a buy rating. I expect a strong 1Q24 and FY24 performance as high-end consumer demand continues to be very strong, so strong that RMS is able to push through another round of 8–9% pricing growth (a step up from the mid-single-digit price increase indicated in the 3Q23 earnings call). Notably, demand momentum was seen in all regions, particularly with relative share gains against ...

Hermès has been sued over claims it unlawfully allows only customers with "sufficient purchase history" with the company to buy its famous Birkin bags. Two residents in California allege Hermès is violating antitrust laws by "tying" the sale of one item to the purchase of another, according to the proposed federal class-action lawsuit filed on Tuesday in San Francisco. The company's sales associates are driving the scheme by pushing customers to buy shoes, scarves, jewellery and other items to gain an oppor ...

Cindy Ord/Getty Images Entertainment The reader may be wondering, what could Hermes (OTCPK:HESAY) possibly have to do with artificial intelligence? After all, luxury goods companies appear to be some of the least impacted by AI. Their businesses rely heavily on brick-and-mortar stores and incorporate little to no software aside from the occasional website. In Hermes' case, AI plays even less of a direct role on day-to-day operations as the company does not automate its manufacturing process with machine ...

DNY59 Opener To be clear, I don't know when the market will crash, and here's a little secret: nobody else knows either. Not the press with bold headlines, not the Twitter guy with 100k followers, and certainly not the permabears who predict crashes every Wednesday. What I'm 100% sure of is that I'll buy the stocks in this article like crazy. I always keep some cash aside to buy those super high-quality rare companies, which usually trade at an expensive to fair price. I'm not a dividend investor; howev ...

Hermès’s discipline in good times might make it more resilient in downturns. Photo: Edward Berthelot/Getty ImagesHermès is a brand that shows its real mettle in a downturn. The secret to its steady growth might be the restraint it shows in good times.  The French handbag maker’s shares gained 33% in 2023, making it the luxury sector’s best-performing stock. Parisian rival LVMH Moët Hennessy Louis Vuitton , which owns Christian Dior and is also considered one of the safest bets in luxury, rose 8%. But across ...