Overview
Description
Hermes International SCA Unsponsored ADR (American Depositary Receipt) represents a financial asset that provides investors in the United States access to shares of Hermes International, a luxury goods manufacturer and retailer based in France. Hermes International is renowned for its high-end fashion and lifestyle products, including leather goods, accessories, perfumes, and ready-to-wear clothing, serving a global clientele. The Unsponsored ADR facilitates trading of Hermes' equity on U.S. exchanges without a direct involvement from the company itself in managing the ADR program. Through this mechanism, investors can gain exposure to Hermes' performance and growth in the luxury market, without having to engage directly in foreign investments. Hermes International's presence in the market is significant as it is a key player in the global luxury sector, known for its craftsmanship, exclusivity, and brand prestige. This ADR allows U.S. investors to diversify their portfolios with international luxury brand equities while maintaining the convenience of trading through American platforms.
About
CEO
Mr. Axel Olivier Dumas
Employees
25697
Address
13-15, rue de la Ville l’Évêque
Paris, 75008
Paris, 75008
Phone
800 441 4488
Website
Instrument type
American depositary receipt
Sector
Consumer Cyclical
Industry
Luxury Goods
Country
United States
MIC code
PINX