HERMES_REGISTRATION_DOCUMENT_2017

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OVERVIEW OF THE GROUP

ACTIVITY BY SECTOR

in Japan, China and the Americas. Each of these events was the oppor- tunity for clientèle and an audience of influencers and procurement pro- fessionals to discover the “art of taste” according to Puiforcat. Puiforcat has continued to rely on digital as an outreachmethod enabling a new audience to be reached. An Instagram account was opened in the first half of the year and the new puiforcat.com website was unveiled in October. With pure graphics punctuated by geometric patterns and inspired by the founding style of Jean Puiforcat, this site incorporates a wealth of stories which have made the house legendary. Finally, Puiforcat actively continued to optimise its production division via a range of industrial tool strategies, production and logistics processes, to maintain the exceptional quality upon which its reputation is built. Bootmaker John Lobb In spring 2017, John Lobb took part in the Paris fashion week for the first time. Thiswas the opportunity to present the newwomen’s ready-to-wear collection which was inspired by the custom made archives. Faithful to the heritage of the Northampton manufacturer, the models with goo- dyear welting provide comfort and lightness thanks to the so-called ten- sile construction. At the same time the men’s collection has continued its growth. The “Lobb brown” colour created in the 1960s within the Paris workshop and characterised by a delicate finish obtained using the best full-grain leather has been relaunched. The new rubber soles of the autumn-winter collection assembled using storm welts which are ideal for braving the elements ensures they are a pleasure to use. Having become essentials, the sneakers range has been enhancedby several different versions and is now available in the famous Museum Calf leather. Throughout the year, John Lobb has continued tomodernise and to deve- lop its network of owned-stores, in particular with new stores in the USA. Lastly, the johnlobb.com website unveiled its new visual identity at the end of the year. Textiles Holding Textile Hermès brings together under one structure all of our tex- tile production expertise: from creation to fabrication, including weaving, engraving, printing, dyeing and finishing. It supplies not only the Group’s various sectors, but also external mar- kets such as clothing and interior decoration, in particular for the brands Bucol, Créations Métaphores, Vérel de Belval and Le Crin. 2017 was notable for the dynamic nature of internal orders from the Hermès divisions both for long-standing and new products. These good results were achieved thanks to the complementarity between business areas and by maintaining a high level of service against the background of continuing internal restructuring projects. Furthermore, Holding Textile Hermès closely monitors the preservation and passing-on of expertise, by promoting apprentices and creating an Innovation Unit. 1.3.7.3 1.3.7.4

this mysterious alchemy of sand and fire that encourages man to dream. Although the cut appears geometrical, in reality an astonishing plant fractal form is created. NoéDuchaufour-Lawrancehas created25pieces covering all of the historical Saint-Louis ranges: the table, the bar, the candlestick, the vase and the light. Along with the production unit, he has also explored a new dimension: luminous furniture. This collection was presented to international buyers and the press in January in a recreation of the Vosges forest. The properties of the crystal were showcased: its exceptional and powerful chime in aworkshop given by a sound therapist, its ability to diffract light in a mirrored box – many store windows have reproduced this concept from the rue Royale in Paris to Hong Kong. In addition, the iconic Saint-Louis collection, Tommy , was enhanced in September by new table lamps and oval vases in clear or coloured crys- tal. This collection, which will celebrate its 90th anniversary in 2018, embodies the virtuosity of the production unit’s craftsmen with no fewer than six different cuts (star, bevel, pearl cuts etc) and a multitude of colours. Amuch-awaitedencounter every year since1953 for collectors and fans, two paperweights dedicated to the Chinese astrological sign of the dog were created. These two virtuoso pieces mix blowtorch and macedoine techniques. Finally, Saint-Louis has continued its international expansion with new facilities in Asia, in particular, in Taiwan, and also the opening of showrooms in Casablanca and Berlin. In France, the dedicated spaces in the major Paris stores (Printemps and Galerie Lafayette) have been renovated. The house’s digital store front has also been updated; a new website saint-louis.com enables people to discover both the designs and savoir- faire and to make online purchases. Puiforcat 2017 was punctuated by the launches of new collections based on the themes dear to Puiforcat such as the “art of fine living” of or the “art of taste”. Launched at the beginning of the year, the Bureau d’architecte provides Puiforcat with an entry into a new world, with nine desk objects that are as pure as they are functional (letter holders, bookends, etc.) designed with the architect Joseph Dirand and offered as limited editions. On this occasion, the workshop was able to demonstrate its technical mastery by perfecting a production process able to fulfil the designer’s aesthetic inclination to bring gold and silver together. Each element was handled independently in order to allow the various trades to play their parts, then silvered or gilded and finally polished to perfection before being carefully assembled. Since the end of the summer, Puiforcat has been offering its clients Cannes précieux on command, new personalisation options for the ico- nic Cannes cutlery collection, which was designed by Jean Puiforcat in 1928. In this jewelled version, the handle of the cutlery is dressed in onyx, lapis-lazuli, jade or jasper. In addition to these launches, the house has organised different tasting dinners in the new salon situated in the basement of its Paris store and 1.3.7.2

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL