HERMÈS - 2020 Universal registration document

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PRESENTATION OF THE GROUP AND ITS RESULTS REVENUE AND ACTIVITY BY MÉTIER

EQUESTRIANISM

technical Toile H fabric, intarsia lambswool, quilted calfskin, etc.) which gives it generous, comfortable and functional silhouettes. Lastly, the equestrian theme is reinterpreted through a Scottish wardrobe that adopts tartan and argyle patterns, leather straps, pleats and fringes inspired by kilts.

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In order to accompany the growth in Hermès saddles, the Paris workshop, established for more than a century at 24, rue du Faubourg Saint-Honoré, has chosen Normandy, an excellent equestrian region, as its adopted land to set up a new workshop. This Normandy establishment, which is accompanied by a partnership with the Haras National du Pin, will promote the training and recruitment of new generations of saddlers by drawing on the House’s historical savoir-faire . The team of saddle experts is expanding in Northern Europe, a strategic area with a deep equestrian culture. The métier thus confirms its commitment to offer the unique double-customised horse-rider experience to a wider audience. In terms of equipment for riders, the métier continues to develop both its eco-responsible and its technical approaches. A perfect illustration of this ambition, the Toundra jacket, stretchy, windproof, waterproof and breathable, designed to withstand the coldest temperatures, uses recycled insulation. The collection of equipment for dogs is enriched with clever new objects such as the Baquet bowl. Throughout 2020, a year marked by numerous cancellations of equestrian competitions, digital initiatives have been devised in order to maintain the links between riders, saddle experts and the House’s craftpeople as best possible. 1.6.2 The Ready-to-wear and Accessories métier is the Hermès Group’s second largest sector, representing 22% of consolidated sales. In 2020, it generated €1,409 million in revenue. READY-TO-WEAR AND ACCESSORIES In 2020, Nadège Vanhée-Cybulski, designer of the women’s ready-to-wear collection, explored the notion of “modern femininity”. She drew on the House’s heritage, from its equestrian roots to leather savoir-faire , to design functional items of clothing that accompany women at every moment of their lives. For summer, the clothes are suitable for urban and everyday use. They incorporate useful details, including oversized patch pockets. Their fluid, ethereal materials make it possible to almost see their construction. The leather is handcrafted, evoking saddlery savoir-faire . Riding halters and harnesses become fasteners and closures for coats and skirts. Various emblematic House themes, such as the Chaîne d’Ancre and the Mosaïque du Faubourg , are expressed through fabrics and patterns in knits or prints. The fall-winter collection is structured around three ideas: the suit, the outdoors and the kilt. The tailor’s codes are reworked in details, materials and construction, to create a sensual wardrobe with a slender and fitted silhouette. The emblematic outerwear (varsity, aviator, trench coats) is revisited with authentic materials ( Rocabar double-sided cashmere, WOMEN’S READY-TO-WEAR 1.6.2.1

MEN’S READY-TO-WEAR

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The theme of 2020, innovation is also a central feature of the vision of ready-to-wear developed by Véronique Nichanian, Artistic Director of the Men’s Universe. The spring-summer collection, carrying a scent of summer freedom, uses fluid and airy materials with invigorating and colourful accents, which give it a relaxed ease. In particular, it injects new life into silk scarves in original or overdyed versions, transformed into loose-fitting shirts, tailored and casual jackets. The fall-winter collection asserts its radicalism. The pure lines create large-format silhouettes with enveloping volumes, in a chiaroscuro colour range that lights up winter. With these two collections, Véronique Nichanian continues to renew the Hermès man’s wardrobe, synonymous with nonchalance and modernity. 1.6.2.3.1 Jewellery accessories For the first time, the metal of jewellery accessories takes on a bold palette. A real technical innovation, two aluminium cuffs, light but strong, offer a play on light and deep colours. One uses the perforated H of the Évelyne bag, while the other uses the four Médor studs and the band of the Collier de Chien . The Clic bracelet astonishes once again this year: its H is covered with the same print as the enamel plates that surround it, creating an illusion of refined camouflage. A technical feat that transforms this timeless classic into a surprising new item. Inseparable from the House’s imagination, the equestrian world inspires two new lines of leather and horn jewellery. Designed around emblems of the House such as the bit and the stirrup, as well as drawing inspiration from the colours of jump obstacle bars, they are calling out to be worn not just singly but in a show of multiple pieces together. 1.6.2.3.2 Belts Women’s belts are adorned with colours and designs, both on the buckle and on the leather band. The essential boucle H , in particular, achieves a technical feat by being coated with enamel for the first time. The collection gives pride of place to femininity with bejewelled belts and an exceptional hand-embroidered belt, while the one-size flagship models are reinvented with the addition of a functional pocket or rock-inspired studs. Men’s belts cultivate both urban and casual hybrid wearers by playing with finishes and offering a patterned strap model. FASHION ACCESSORIES 1.6.2.3

28 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL