Hermès Stock Rises to the STOXX 50

Typically when writing about Hermès stock, the focus is the goods available to purchase. Can I buy that Birkin 25 in Rose Sakura? Are there pillows to match my blanket? Or how can I complete my Balcon du Guadalquivir table service for 12? These questions face Hermès fans routinely, but even more so when, like now, inventory seems to be at all time lows.

Image Credit: Reuters/Arnd Wiegmann

Ever popular with consumers, Hermès’ corporate stock also continues to rise. Of course, its strong financial results based on soaring retail sales favorably impact finances. Reportedly, so far this year, Hermès’ share price rose 90%.

Read:

Hermès Sales Continue to Soar in 2021 – Up 31%

Hermès Soars Financially in 2021 Though Still Cautious

Later this month, Hermès adds another financial honor. It becomes part of the Euro STOXX 50, an index of Eurozone stocks designed by STOXX (owned by Deutsche Bank) with a goal of “provid[ing] a blue-chip representation of Supersector leaders in the Eurozone.” In other words, one of the top 50 stocks in Europe.

It is not the first luxury brand in the index. LVMH, a much larger conglomerate, already is included. Richemont, which owns Van Cleef & Arpels, Cartier, Bucellati, and many more, is also joining the list. But, when you consider that Hermès is a single brand company rather than a group, it’s pretty impressive.

Image Credit: Bloomberg

So, how does this affect our Hermès collections? Well, it likely doesn’t at all. Just consider it further recognition that Hermès represents luxury and quality.