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Hermes to Raise Prices Up to $10,000 Amid Tariff

4/18/2025

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Summary

Story summary

Hermes is set to raise prices across all products, including luxury handbags, by up to $10,000 starting May 1. This move comes in response to a 10% tariff on European goods imposed by President Trump. Despite facing slower sales growth, Hermes continues to thrive in the competitive luxury market.

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Story summary

Hermes is set to raise prices across all products, including luxury handbags, by up to $10,000 starting May 1. This move comes in response to a 10% tariff on European goods imposed by President Trump. Despite facing slower sales growth, Hermes continues to thrive in the competitive luxury market.