Hermès Rewards 25,000 Employees With $4,700 Bonus After 15% Revenue Surge

Hermès has reported a robust financial performance in 2024, achieving a revenue of approximately $15.9 billion (€15.2 billion), marking a 15% increase from the previous year. Despite a decline in the broader luxury market, Hermès's fourth-quarter sales surged by 18% to $4.1 billion, highlighting the brand's resilience and effective growth strategy. In recognition of this success, the company will distribute a year-end bonus of €4,500 (around $4,700) to all 25,000 employees worldwide, reflecting its commitment to sharing growth benefits with its workforce. Executive Chairman Axel Dumas praised the agility of Hermès's teams in navigating a challenging economic landscape, underscoring the brand's focus on quality and craftsmanship. The company has also expanded its workforce, hiring 2,300 new employees, further reinforcing its growth trajectory. Overall, Hermès's performance stands out in a luxury market that has seen notable declines among competitors such as LVMH and Kering.