Hermès - Registration Document 2016

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OVERVIEW OF THE GROUP

ACTIVITY BY SECTOR

PARTNERSHIPS

or crystal, ready-to-wear or furnishing fabrics, metal pieces, etc. – are given a new lease of life by leather/saddler artisans, silverware experts, designers, master glassmakers and porcelain-makers, bootmakers, etc. This direct dialogue between ideas and artisans, using the material as a source of inspiration, leads to invention and unusual, innovative objects. This dynamic has been enriched this year with a cooperation with the Belgian design duo Muller van Severen, presented in June at the D’Days design festival. Moreover, like each year, petit h went in pursuit of Hermès customers all over the world, with two flash sales. For three weeks in November, the Geneva store was transformed by a set designed by students of the Haute école d art et de design in Geneva (HEAD). In December, petit h invaded the ground floor of the Maison Hermès in New York, with its alternative vision of “Santa’s workshop”. Nomadic by essence, petit h nevertheless retains a permanent home at the entrance to the store on rue de Sèvres, Paris, where a selec- tion of objects is presented throughout the year, with regular creative workshops open to all. Shang Xia Chinese design brand Shang Xia seeks to make contemporary art of living available to its clients through simple, timeless objects that create a link between tradition andmodernity, and Chinese culture and western culture. 2016 saw the expansion of the collections, with each object family offe- ring a deeper and more varied range. New two and three-seater sofas were added to the Da Tian Di furniture collection. Their design, which continues to be inspired by certain details of the Ming style, combines comfort, aesthetics and modernity, by com- bining refined materials, walnut, leather and fabric. The new Man Yue bag was presented for the first time this year. The woven leather surface is reminiscent of the woven bamboo used in the Qiao tea service. 2016 also saw the launch of exceptional objects combining innovation and heritage, notably a carbon fibre table covered with a boluo lacquer finish, an ancient technique which has almost become obsolete, and encrusted with gold flecks. 1.3.8.8

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1.3.9.1 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. 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 watchmaking territory, between Neuchâtel in Switzerland and the French border, the Vaucher production unit perpetuates superior know-howandproduces high-endandprestige 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 In July 2016, Hermès took aminority stake in the capital of Maison Pierre Hardy (33%), a French shoe and fashion accessory design house direc- ted by Pierre Hardy, its founder and artistic director. This partnership further strengthens the links between Hermès and Pierre Hardy, creative director of shoes and jewellery at Hermès. 1.3.9.2 1.3.9.3 1.3.9.4 1.3.9.5 1.3.9.6

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL