Hermès share price rises as handbag-maker retains luxury crown

Shares in luxury handbag retailer Hermès saw an increase this morning following the family-owned company's announcement of another impressive set of results.

The firm reported a revenue of €15.2bn (£12.66bn) for 2024, marking a 15 per cent year-on-year rise, as reported by City AM.

The share price of the Euronext-listed company climbed 2.5 per cent in early trades, indicating a 34 percent increase over the past year and a threefold surge since 2020.

Operating income reached €6.2