PARIS — Hermès International said Friday it has increased its share in the capital of Joseph Erard Holding and now owns a majority stake in the Swiss watch case maker through its watchmaking subsidiary, La Montre Hermès.
“For Hermès, this latest acquisition is a natural step in the continued process of furthering its watchmaking expertise,” Hermès said. The financial terms of the deal were not disclosed.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)