Overview
Description
Hermes International Société en commandite par actions Unsponsored ADR represents ownership in the renowned French luxury goods company, Hermes International. This financial asset allows U.S. investors to access shares of Hermes without trading on European exchanges. Hermes is celebrated globally for its exquisite craftsmanship and timeless elegance, particularly known for iconic products such as the Birkin and Kelly handbags, silk scarves, and fashion-forward clothing collections. The company's influence spans sectors like high fashion, leather goods, home furnishings, and perfumes, marking its strong presence in the luxury market. Hermes' commitment to quality and exclusivity contributes significantly to its prestigious brand image.
As an unsponsored ADR, this asset is issued by a depositary bank without direct involvement from the company, relying instead on publicly available Hermes shares. ADRs facilitate cross-border investments, making it easier for U.S. investors to engage with international equities. The market significance of Hermes ADR lies in providing diversified exposure to the luxury sector, reflecting consumer demand trends and economic conditions that influence luxury spending. Investors interested in luxury goods market dynamics may regard Hermes ADR as a means to participate in this specialized industry.
About
CEO
Mr. Axel Olivier Dumas
Employees
24203
Address
13-15, rue de la Ville l’Évêque
Paris, 75008
Paris, 75008
Phone
800 441 4488
Website
Instrument type
Common stock
Sector
Consumer Cyclical
Industry
Luxury Goods
Country
Germany
MIC code
XDUS