Editor
In February 1993, Hermès floated its shares on the Paris Bourse at less than €6 each. By April 2023, its stock price had soared to more than €2,000 per share, lifting the company’s market capitalisation to €210 billion ($226 billion), surpassing Nike, the world’s biggest fashion brand by revenue with annual sales almost four times higher than Hermès. It was the latest endorsement by markets of the French label’s best-in-class…
