HERMES_REGISTRATION_DOCUMENT_2017

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OVERVIEW OF THE GROUP

ACTIVITY BY SECTOR

PARTNERSHIPS

1.3.8

1.3.8.4 Vaucher Manufacture Fleurier La Montre Hermès holds a 25% share in the capital of Vaucher, the watchmaking production unit. Located in the heart of traditional watch- making territory, between Neuchâtel in Switzerland and the French bor- der, the Vaucher production unit perpetuates superior know-how and produces high-end and prestige watch movements. Bettina Hermès holds a 40% share in the capital of Bettina, a long-standing partner of the Group. The company specialises in the production of twil- laine, a unique blend of knit and silk, and operates in the ready-to-wear sector, but also in silk, textiles and the art of living. Maison Pierre Hardy Since 2016, Hermès has had a minority stake in the capital of Maison Pierre Hardy (33%), a French shoe and fashion accessory design house directedbyPierreHardy,itsfounderandArtisticDirector.Thispartnership further strengthens the links betweenHermès and PierreHardy, Creative Director of shoes and jewellery at Hermès. 1.3.8.5 1.3.8.6

1.3.8.1 Faubourg Italia In addition to its tableware and art of living collections, Hermès offers a complete range for the home that includes furnishing fabrics and wallpapers. The latter are developed in partnership with the Italian fabric producer Dedar, which also controls international distribution. A joint subsidiary, named Faubourg Italia, was created in 2011. Hermès International holds 60% of its share capital. J3L Hermès holds 30% of the share capital of J3L, a long-standing French supplier of the Group, specialising in metal parts destined principally for leather goods and fashion accessories. Perrin & Fils Holding Textile Hermès has a 39.5% stake in the share capital of Perrin & Fils. The Perrin Group specialises in weaving for a range of sectors as diverse as lingerie, furnishing fabrics, ready-to-wear and accessories. 1.3.8.2 1.3.8.3

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL